Marks Electrical Group (LON:MRK) Trading Down 0.7% – Time to Sell?

Marks Electrical Group PLC (LON:MRK) shares were down 0.7% during trading on Thursday . The company traded as low as GBX 48.04 and last traded at GBX 48.04. Approximately 2,008 shares changed hands during trading, a decline of 95% from the average session volume of 38,240 shares. The stock had previously closed at GBX 48.40.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MRK. Shore Capital Group reiterated a “hold” rating and set a GBX 50 price objective on shares of Marks Electrical Group in a research report on Friday. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 55 price target on shares of Marks Electrical Group in a research note on Friday. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of GBX 52.50.

Marks Electrical Group Stock Down 6.7%

The firm has a fifty day moving average price of GBX 48.58 and a 200-day moving average price of GBX 47.04. The company has a quick ratio of 0.62, a current ratio of 1.42 and a debt-to-equity ratio of 31.31. The firm has a market cap of £47.67 million, a price-to-earnings ratio of -44.39 and a beta of 0.57.

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. It sells its products through online platform. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021. Marks Electrical Group PLC was founded in 1987 and is headquartered in Leicester, United Kingdom.