Made Tech Group (LON:MTEC) Hits New 52-Week High - What's Next?

Key Points

• Made Tech Group Plc shares reached a new 52-week high of GBX 41 ($0.55) during trading, marking a significant increase from the previous close of GBX 38 ($0.51).
• Analysts from Canaccord Genuity Group affirmed a "buy" rating for Made Tech Group, setting a target price of GBX 55 ($0.74) for the stock.
• The company specializes in providing digital and technology services to the public sector in the UK, focusing on digital transformation for government organizations.

Shares of Made Tech Group Plc (LON:MTEC - Get Free Report) hit a new 52-week high during trading on Friday . The stock traded as high as GBX 41 ($0.55) and last traded at GBX 41 ($0.55), with a volume of 1613749 shares. The stock had previously closed at GBX 38 ($0.51).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 55 ($0.74) price objective on shares of Made Tech Group in a research report on Tuesday, July 8th.

Made Tech Group Trading Up 7.9%

The firm has a market capitalization of £61.24 million, a PE ratio of -24.97 and a beta of 0.90. The company has a fifty day moving average price of GBX 33.80 and a two-hundred day moving average price of GBX 29.33.

Made Tech Group Company Profile

Made Tech Group Plc provides digital, data, and technology services to the public sector in the United Kingdom. It offers digital delivery, embedded capabilities, data infrastructure and insights, and legacy application transformation services. The company provides services that enable central government, healthcare, and local government organizations to digitally transform.

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