Made Tech Group (LON:MTEC – Get Free Report) issued its earnings results on Tuesday. The company reported GBX 2.38 earnings per share (EPS) for the quarter, Digital Look Earnings reports. Made Tech Group had a return on equity of 12.27% and a net margin of 3.52%.
Made Tech Group Stock Performance
Made Tech Group stock opened at GBX 48.47 on Thursday. The stock has a 50-day simple moving average of GBX 42.64 and a 200 day simple moving average of GBX 39.57. The stock has a market capitalization of £72.36 million, a price-to-earnings ratio of 41.78 and a beta of 1.06. The company has a quick ratio of 2.95, a current ratio of 3.06 and a debt-to-equity ratio of 8.21. Made Tech Group has a 12-month low of GBX 26 and a 12-month high of GBX 54.
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group boosted their price target on Made Tech Group from GBX 60 to GBX 70 and gave the company a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 70.
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. It serves central and local government, housing, health and care, transport, and education; police, justice, and emergency; and space, defense, and security sectors.
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