Marks Electrical Group (LON:MRK) Trading Down 3% – Time to Sell?

Marks Electrical Group PLC (LON:MRK)’s stock price was down 3% during mid-day trading on Friday . The stock traded as low as GBX 47.76 and last traded at GBX 48. Approximately 31,500 shares traded hands during trading, a decline of 69% from the average daily volume of 100,136 shares. The stock had previously closed at GBX 49.50.

Analyst Ratings Changes

Separately, 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. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 51.

Marks Electrical Group Price Performance

The firm has a 50-day moving average of GBX 53.55 and a 200-day moving average of GBX 57.48. The stock has a market cap of £50.05 million, a PE ratio of -34.78 and a beta of 0.73. The company has a debt-to-equity ratio of 8.42, a current ratio of 1.59 and a quick ratio of 0.62.

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.