Marks Electrical Group (LON:MRK) Sets New 1-Year Low at $61.15

Marks Electrical Group PLC (LON:MRK) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 61.15 ($0.79) and last traded at GBX 67 ($0.86), with a volume of 31502 shares changing hands. The stock had previously closed at GBX 66 ($0.85).

Analysts Set New Price Targets

MRK has been the subject of a number of research reports. Shore Capital reaffirmed a “buy” rating on shares of Marks Electrical Group in a research note on Tuesday, April 16th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 100 ($1.29) price objective on shares of Marks Electrical Group in a research note on Tuesday, April 16th.

Marks Electrical Group Trading Up 1.5 %

The firm has a market capitalization of £70.32 million, a P/E ratio of 1,675.00 and a beta of 0.79. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.62 and a current ratio of 1.47. The firm has a 50 day moving average price of GBX 69.37 and a two-hundred day moving average price of GBX 70.58.

Marks Electrical Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, July 11th will be paid a dividend of GBX 0.66 ($0.01) per share. The ex-dividend date is Thursday, July 11th. This is a positive change from Marks Electrical Group’s previous dividend of $0.30. This represents a dividend yield of 0.94%. Marks Electrical Group’s dividend payout ratio (DPR) is currently 2,500.00%.

Insider Transactions at Marks Electrical Group

In other news, insider Joshua E. T. A. Egan sold 61,279 shares of the stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of GBX 70 ($0.90), for a total value of £42,895.30 ($55,177.90). Corporate insiders own 79.04% of the company’s stock.

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.