Marks Electrical Group (LON:MRK) Shares Down 0.5% - Time to Sell?

Key Points

• Marks Electrical Group's shares decreased by 0.5%, closing at GBX 50.25 ($0.68), with trading volume significantly down by 95% compared to average levels.
• Canaccord Genuity Group revised their price objective for the company's shares from GBX 73 to GBX 51, while maintaining a "buy" rating.
• The company currently has a market capitalization of £52.39 million and a PE ratio of -3,641.30, indicating financial performance concerns.

Marks Electrical Group PLC (LON:MRK - Get Free Report) shares fell 0.5% on Thursday . The stock traded as low as GBX 48 ($0.65) and last traded at GBX 50.25 ($0.68). 5,383 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 103,295 shares. The stock had previously closed at GBX 50.50 ($0.68).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group dropped their price objective on shares of Marks Electrical Group from GBX 73 to GBX 51 and set a "buy" rating for the company in a research note on Thursday, September 25th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 51.

Marks Electrical Group Price Performance

The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 8.42. The firm's 50 day simple moving average is GBX 56.97 and its 200 day simple moving average is GBX 58.49. The company has a market capitalization of £52.39 million, a PE ratio of -3,641.30 and a beta of 0.73.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.