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

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

Marks Electrical Group Price Performance

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

Wall Street Analyst Weigh In

MRK has been the topic of a number of recent analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Marks Electrical Group in a research report on Tuesday, April 16th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 100 ($1.24) price objective on shares of Marks Electrical Group in a report on Tuesday, April 16th.

Marks Electrical Group Company Profile

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.