Marks Electrical Group (LON:MRK) Releases Quarterly Earnings Results

Marks Electrical Group (LON:MRK) released its quarterly earnings results on Thursday. The company reported GBX (0.31) EPS for the quarter, Digital Look Earnings reports. Marks Electrical Group had a return on equity of 3.05% and a net margin of 0.37%.

Marks Electrical Group Stock Down 3.7%

Shares of MRK traded down GBX 1.80 during midday trading on Thursday, hitting GBX 46.70. The company had a trading volume of 318,601 shares, compared to its average volume of 99,787. The stock has a market cap of £48.69 million, a price-to-earnings ratio of -33.84 and a beta of 0.73. The company’s 50 day moving average price is GBX 52.90 and its 200 day moving average price is GBX 57.29. The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 8.42. Marks Electrical Group has a 52 week low of GBX 46 and a 52 week high of GBX 63.

Analyst Ratings Changes

A number of research firms recently weighed in on MRK. Shore Capital started coverage on Marks Electrical Group in a report on Thursday. They issued a “hold” rating and a GBX 50 price target on the stock. Canaccord Genuity Group decreased their price objective on Marks Electrical Group from GBX 73 to GBX 51 and set a “buy” rating on the stock in a research note on Thursday, September 25th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 50.50.

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.