Made Tech Group (LON:MTEC) Trading 10.6% Higher

Made Tech Group Plc (LON:MTEC) shares traded up 10.6% during trading on Tuesday . The stock traded as high as GBX 18.93 ($0.24) and last traded at GBX 18.25 ($0.23). 648,865 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 840,574 shares. The stock had previously closed at GBX 16.50 ($0.21).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “not rated” rating on shares of Made Tech Group in a report on Thursday, June 27th.

Made Tech Group Stock Up 1.4 %

The firm has a market capitalization of £27.62 million, a price-to-earnings ratio of -1,850.00 and a beta of 0.85. The company has a current ratio of 2.93, a quick ratio of 2.95 and a debt-to-equity ratio of 0.32. The firm has a fifty day moving average price of GBX 16.15 and a 200 day moving average price of GBX 12.49.

Insider Transactions at Made Tech Group

In other news, insider Neil Elton acquired 209,937 shares of Made Tech Group stock in a transaction on Wednesday, May 1st. The shares were purchased at an average price of GBX 14 ($0.18) per share, with a total value of £29,391.18 ($37,647.21). 48.09% of the stock is owned by company insiders.

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.