Joshua E. T. A. Egan Sells 40,000 Shares of Marks Electrical Group PLC (LON:MRK) Stock

Marks Electrical Group PLC (LON:MRK) insider Joshua E. T. A. Egan sold 40,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 24th. The shares were sold at an average price of GBX 70 ($0.86), for a total value of £28,000 ($34,584.98).

Marks Electrical Group Stock Performance

Shares of MRK opened at GBX 70 ($0.86) on Thursday. The business’s fifty day simple moving average is GBX 71.29 and its two-hundred day simple moving average is GBX 81.07. The company has a current ratio of 1.47, a quick ratio of 0.62 and a debt-to-equity ratio of 6.38. Marks Electrical Group PLC has a 12 month low of GBX 65 ($0.80) and a 12 month high of GBX 110 ($1.36). The company has a market cap of £73.47 million, a price-to-earnings ratio of 1,780.00 and a beta of 0.80.

Wall Street Analysts Forecast Growth

MRK has been the subject of a number of analyst reports. Shore Capital reaffirmed a “buy” rating on shares of Marks Electrical Group in a research report on Tuesday, April 16th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 100 ($1.24) price objective on shares of Marks Electrical Group in a research report on Tuesday, April 16th.

About Marks Electrical Group

Marks Electrical Group PLC operates as an electrical retailer in the United Kingdom. It sells, delivers, and installs domestic electrical appliances, consumer electronics, and warranty products. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021.