Made Tech Group (LON:MTEC) Trading Up 0.7% – Should You Buy?

Made Tech Group Plc (LON:MTEC) shares shot up 0.7% during mid-day trading on Wednesday . The stock traded as high as GBX 39.30 ($0.53) and last traded at GBX 39.28 ($0.53). 102,919 shares traded hands during trading, a decline of 73% from the average session volume of 387,725 shares. The stock had previously closed at GBX 39 ($0.52).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 55 target price on shares of Made Tech Group in a research note on Tuesday, July 8th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of GBX 55.

Made Tech Group Price Performance

The business has a fifty day moving average price of GBX 35.49 and a two-hundred day moving average price of GBX 30.17. The firm has a market capitalization of £58.67 million, a price-to-earnings ratio of -23.92 and a beta of 0.90.

About Made Tech Group

Made Tech Group Plc provides digital, data, and technology services to the public sector in the United Kingdom. It offers digital delivery, embedded capabilities, data infrastructure and insights, and legacy application transformation services. The company provides services that enable central government, healthcare, and local government organizations to digitally transform.