Marks Electrical Group (LON:MRK) Trading 0.1% Higher – Time to Buy?

Marks Electrical Group PLC (LON:MRK)’s stock price was up 0.1% during mid-day trading on Friday . The stock traded as high as GBX 59.04 ($0.80) and last traded at GBX 59.04 ($0.80). Approximately 361 shares changed hands during trading, a decline of 100% from the average daily volume of 117,777 shares. The stock had previously closed at GBX 59 ($0.80).

Analyst Ratings Changes

A number of research analysts have recently weighed in on MRK shares. Canaccord Genuity Group increased their price objective on Marks Electrical Group from GBX 70 ($0.95) to GBX 73 ($0.99) and gave the company a “buy” rating in a report on Thursday, April 10th. Shore Capital reiterated a “buy” rating on shares of Marks Electrical Group in a research report on Thursday, April 10th.

Marks Electrical Group Stock Performance

The firm has a 50 day simple moving average of GBX 58.50 and a 200-day simple moving average of GBX 55.91. The company has a debt-to-equity ratio of 8.42, a current ratio of 1.59 and a quick ratio of 0.62. The company has a market cap of £61.96 million, a price-to-earnings ratio of 145.13 and a beta of 0.73.

About Marks Electrical Group

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.