Marks Electrical Group (LON:MRK) Stock Price Up 1.7% – Time to Buy?

Marks Electrical Group PLC (LON:MRK) rose 1.7% during trading on Wednesday . The stock traded as high as GBX 59 ($0.77) and last traded at GBX 59 ($0.77). Approximately 87,789 shares changed hands during trading, a decline of 49% from the average daily volume of 172,265 shares. The stock had previously closed at GBX 58 ($0.76).

Analysts Set New Price Targets

Several brokerages have weighed in on MRK. Shore Capital restated a “buy” rating on shares of Marks Electrical Group in a research note on Thursday. Canaccord Genuity Group raised their price objective on Marks Electrical Group from GBX 70 ($0.92) to GBX 73 ($0.96) and gave the stock a “buy” rating in a research report on Thursday.

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 has a market cap of £61.92 million, a PE ratio of 145.03 and a beta of 0.73. The stock has a 50 day moving average price of GBX 56.24 and a two-hundred day moving average price of GBX 55.34.

Insider Buying and Selling

In other news, insider Warren Middleton bought 18,379 shares of the business’s stock in a transaction that occurred on Friday, January 31st. The shares were purchased at an average cost of GBX 54 ($0.71) per share, with a total value of £9,924.66 ($12,990.39). 79.32% of the stock is owned by company insiders.

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.