Made Tech Group (LON:MTEC – Get Free Report) released its quarterly earnings results on Tuesday. The company reported GBX 2.38 EPS for the quarter, Digital Look Earnings reports. Made Tech Group had a net margin of 3.52% and a return on equity of 12.27%.
Made Tech Group Stock Down 1.5%
Made Tech Group stock traded down GBX 0.70 during mid-day trading on Thursday, hitting GBX 47.55. The company’s stock had a trading volume of 1,925,302 shares, compared to its average volume of 600,956. Made Tech Group has a 52-week low of GBX 26 and a 52-week high of GBX 54. The company has a market cap of £70.99 million, a PE ratio of 40.99 and a beta of 1.06. The company has a debt-to-equity ratio of 8.21, a current ratio of 3.06 and a quick ratio of 2.95. The firm’s 50 day moving average is GBX 42.64 and its 200 day moving average is GBX 39.57.
Analysts Set New Price Targets
Separately, Canaccord Genuity Group boosted their price objective on Made Tech Group from GBX 60 to GBX 70 and gave the stock a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target 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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