Marks Electrical Group (LON:MRK) Reaches New 52-Week Low – Here’s Why

Marks Electrical Group PLC (LON:MRK) hit a new 52-week low during trading on Monday . The stock traded as low as GBX 44 and last traded at GBX 44, with a volume of 8000 shares trading hands. The stock had previously closed at GBX 45.

Wall Street Analyst Weigh In

MRK has been the topic of a number of research analyst reports. Canaccord Genuity Group decreased their price objective on shares of Marks Electrical Group from GBX 73 to GBX 51 and set a “buy” rating on the stock in a report on Thursday, September 25th. Shore Capital began coverage on shares of Marks Electrical Group in a research report on Thursday, November 13th. They set a “hold” rating and a GBX 50 price target for the company. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 50.50.

Marks Electrical Group Trading Down 2.2%

The company has a market cap of £45.88 million, a price-to-earnings ratio of -42.72 and a beta of 0.73. The company has a debt-to-equity ratio of 8.42, a current ratio of 1.59 and a quick ratio of 0.62. The business’s 50-day simple moving average is GBX 47.77 and its 200-day simple moving average is GBX 55.38.

Marks Electrical Group (LON:MRK) last issued its quarterly earnings data on Thursday, November 13th. The company reported GBX (0.31) earnings per share for the quarter. Marks Electrical Group had a return on equity of 3.05% and a net margin of 0.37%. Research analysts predict that Marks Electrical Group PLC will post 3.5523979 earnings per share for the current fiscal year.

Marks Electrical Group Company Profile

Marks Electrical Group PLC, together with its subsidiary, engages in the supply of domestic electrical appliances and consumer electronics in the United Kingdom. The company also provides removal and recycling of packaging; collection and recycling of old appliances; and extended warranties and installation services.