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

Marks Electrical Group PLC (LON:MRK) insider Joshua E. T. A. Egan sold 40,000 shares of the stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of GBX 70 ($0.86), for a total transaction of £28,000 ($34,584.98).

Marks Electrical Group Stock Performance

Shares of MRK opened at GBX 70 ($0.86) on Friday. The firm has a 50-day moving average of GBX 71.16 and a 200-day moving average of GBX 80.53. Marks Electrical Group PLC has a one year low of GBX 65 ($0.80) and a one year high of GBX 110 ($1.36). The company has a market cap of £73.47 million, a PE ratio of 1,750.00 and a beta of 0.80. The company has a debt-to-equity ratio of 6.38, a current ratio of 1.47 and a quick ratio of 0.62.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Canaccord Genuity Group restated a “buy” rating and set a GBX 100 ($1.24) target price on shares of Marks Electrical Group in a report on Tuesday, April 16th. Shore Capital restated a “buy” rating on shares of Marks Electrical Group in a 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.