Made Tech Group (LON:MTEC – Get Free Report) posted its quarterly earnings results on Tuesday. The company reported GBX 2.38 earnings per share 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 Price Performance
LON:MTEC traded up GBX 0.22 during trading hours on Thursday, reaching GBX 48.47. The stock had a trading volume of 1,912,925 shares, compared to its average volume of 600,890. The stock has a market capitalization of £72.36 million, a PE ratio of 41.78 and a beta of 1.06. Made Tech Group has a 52 week low of GBX 26 and a 52 week high of GBX 54. The company has a 50 day moving average price of GBX 42.64 and a two-hundred day moving average price of GBX 39.57. The company has a debt-to-equity ratio of 8.21, a quick ratio of 2.95 and a current ratio of 3.06.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group lifted their target price on shares of Made Tech Group from GBX 60 to GBX 70 and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average 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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