Marks Electrical Group (LON:MRK) Shares Up 2.5% - What's Next?

Key Points

• Marks Electrical Group's shares increased by 2.5%, trading at GBX 62 ($0.83), despite a significant decline in trading volume, down by 91% compared to average sessions.
• Analysts have recently issued positive ratings, with Canaccord Genuity raising their price target to GBX 73 ($0.98) and maintaining a "buy" rating.
• The company reported a net margin of 0.37% and an earnings per share of GBX (1.38) (($0.02)) for the last quarter, with predictions of approximately 3.55 EPS for the current fiscal year.

Marks Electrical Group PLC (LON:MRK - Get Free Report)'s stock price shot up 2.5% on Thursday . The company traded as high as GBX 62 ($0.83) and last traded at GBX 62 ($0.83). 8,636 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 96,670 shares. The stock had previously closed at GBX 60.50 ($0.81).

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Shore Capital reaffirmed a "buy" rating on shares of Marks Electrical Group in a report on Thursday, April 10th. Canaccord Genuity Group boosted their price objective on shares of Marks Electrical Group from GBX 70 ($0.94) to GBX 73 ($0.98) and gave the stock a "buy" rating in a research report on Thursday, April 10th.

Marks Electrical Group Stock Down 1.6%

The firm has a 50 day moving average price of GBX 60.06 and a 200-day moving average price of GBX 57.88. The firm has a market cap of £62.47 million, a price-to-earnings ratio of 146.33 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.

Marks Electrical Group (LON:MRK - Get Free Report) last announced its quarterly earnings data on Wednesday, June 25th. The company reported GBX (1.38) (($0.02)) earnings per share for the quarter. Marks Electrical Group had a return on equity of 3.05% and a net margin of 0.37%. As a group, equities analysts predict that Marks Electrical Group PLC will post 3.5523979 EPS for the current fiscal year.

About Marks Electrical Group

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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