Insider Selling: Marks Electrical Group PLC (LON:MRK) Insider Sells 61,279 Shares of Stock

Marks Electrical Group PLC (LON:MRKGet Free Report) insider Joshua E. T. A. Egan sold 61,279 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of GBX 70 ($0.90), for a total value of £42,895.30 ($54,944.67).

Marks Electrical Group Stock Performance

Shares of MRK stock opened at GBX 70 ($0.90) on Wednesday. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.62 and a current ratio of 1.47. Marks Electrical Group PLC has a 1 year low of GBX 64.50 ($0.83) and a 1 year high of GBX 110 ($1.41). The stock has a fifty day moving average of GBX 69.06 and a two-hundred day moving average of GBX 72.67. The firm has a market capitalization of £73.47 million, a PE ratio of 1,750.00 and a beta of 0.79.

Marks Electrical Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be given a dividend of GBX 0.66 ($0.01) per share. This represents a yield of 0.94%. The ex-dividend date is Thursday, July 11th. This is a positive change from Marks Electrical Group’s previous dividend of $0.30. Marks Electrical Group’s payout ratio is 2,500.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MRK shares. Shore Capital restated a “buy” rating on shares of Marks Electrical Group in a research report on Tuesday, April 16th. Canaccord Genuity Group restated a “buy” rating and set a GBX 100 ($1.28) price objective on shares of Marks Electrical Group in a research report on Tuesday, April 16th.

Get Our Latest Stock Report on Marks Electrical Group

About Marks Electrical Group

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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.

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