Marks Electrical Group (LON:MRK) Trading Down 1% – Should You Sell?

Marks Electrical Group PLC (LON:MRK) shares fell 1% on Wednesday . The stock traded as low as GBX 45 and last traded at GBX 45.05. 8,228 shares were traded during mid-day trading, a decline of 81% from the average daily volume of 42,561 shares. The stock had previously closed at GBX 45.50.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on MRK shares. Shore Capital Group reiterated a “hold” rating and set a GBX 50 price objective on shares of Marks Electrical Group in a research note on Friday, June 19th. Canaccord Genuity Group restated a “buy” rating and set a GBX 55 target price on shares of Marks Electrical Group in a report on Friday, June 19th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Marks Electrical Group currently has a consensus rating of “Moderate Buy” and an average target price of GBX 52.50.

Marks Electrical Group Price Performance

The company has a market cap of £46.81 million, a PE ratio of -112.50 and a beta of 0.58. The company has a debt-to-equity ratio of 18.87, a current ratio of 1.49 and a quick ratio of 0.62. The stock’s 50-day moving average is GBX 46.29 and its 200 day moving average is GBX 47.

Marks Electrical Group (LON:MRK) last released its quarterly earnings results on Monday, June 22nd. The company reported GBX (40) earnings per share (EPS) for the quarter. The firm had revenue of £107.93 million during the quarter. Marks Electrical Group had a negative return on equity of 4.18% and a negative net margin of 0.39%. On average, equities analysts anticipate 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. It sells its products through online platform. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021. Marks Electrical Group PLC was founded in 1987 and is headquartered in Leicester, United Kingdom.