Marks Electrical Group (LON:MRK) Hits New 12-Month Low at $64.50

Marks Electrical Group PLC (LON:MRK) shares hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 64.50 ($0.82) and last traded at GBX 69 ($0.88), with a volume of 733 shares. The stock had previously closed at GBX 67.50 ($0.86).

Wall Street Analyst Weigh In

Several analysts have issued reports on MRK shares. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 100 ($1.27) price target on shares of Marks Electrical Group in a report on Tuesday, April 16th. Shore Capital reiterated a “buy” rating on shares of Marks Electrical Group in a report on Tuesday, April 16th.

Marks Electrical Group Stock Performance

The company has a market capitalization of £70.84 million, a PE ratio of 1,687.50 and a beta of 0.79. The stock’s fifty day simple moving average is GBX 69.49 and its 200-day simple moving average is GBX 77.22. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.62 and a current ratio of 1.47.

Insider Activity

In other Marks Electrical Group news, insider Joshua E. T. A. Egan sold 40,000 shares of Marks Electrical Group stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of GBX 70 ($0.89), for a total value of £28,000 ($35,587.19). Company insiders own 79.04% of the company’s stock.

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.