Marks Electrical Group PLC (LON:MRK) Insider Joshua E. T. A. Egan Sells 40,000 Shares

Marks Electrical Group PLC (LON:MRK) insider Joshua E. T. A. Egan sold 40,000 shares of the company’s stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of GBX 70 ($0.86), for a total transaction of £28,000 ($34,584.98).

Marks Electrical Group Stock Performance

LON:MRK opened at GBX 71 ($0.88) on Friday. The firm has a 50 day simple moving average of GBX 71.23 and a 200-day simple moving average of GBX 81. The company has a debt-to-equity ratio of 6.38, a current ratio of 1.47 and a quick ratio of 0.62. The firm has a market cap of £74.51 million, a PE ratio of 1,775.00 and a beta of 0.80. Marks Electrical Group PLC has a 1-year low of GBX 65 ($0.80) and a 1-year high of GBX 110 ($1.36).

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Shore Capital reaffirmed a “buy” rating on shares of Marks Electrical Group in a report on Tuesday, April 16th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 100 ($1.24) price target on shares of Marks Electrical Group in a report on Tuesday, April 16th.

About Marks Electrical Group

Marks Electrical Group PLC operates as an electrical retailer in the United Kingdom. It sells, delivers, and installs domestic electrical appliances, consumer electronics, and warranty products. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021.