Marks Electrical Group (LON:MRK - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported GBX (1.38) (($0.02)) earnings per share for the quarter, Digital Look Earnings reports. Marks Electrical Group had a return on equity of 3.05% and a net margin of 0.37%.
Marks Electrical Group Stock Down 2.3%
Shares of Marks Electrical Group stock traded down GBX 1.38 ($0.02) during trading on Friday, reaching GBX 58.62 ($0.80). 355,008 shares of the company traded hands, compared to its average volume of 112,512. 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 company has a 50 day moving average price of GBX 58.68 and a 200-day moving average price of GBX 56.41. Marks Electrical Group has a 1-year low of GBX 48 ($0.66) and a 1-year high of GBX 73 ($1.00). The firm has a market capitalization of £61.52 million, a PE ratio of 144.10 and a beta of 0.73.
Analysts Set New Price Targets
Several research firms have commented on MRK. Canaccord Genuity Group raised their target price on shares of Marks Electrical Group from GBX 70 ($0.96) to GBX 73 ($1.00) and gave the company a "buy" rating in a report on Thursday, April 10th. Shore Capital reissued a "buy" rating on shares of Marks Electrical Group in a report on Thursday, April 10th.
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About Marks Electrical Group
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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.
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