Marks Electrical Group (LON:MRK) Shares Down 0.9% – Here’s Why

Shares of Marks Electrical Group PLC (LON:MRK) were down 0.9% during trading on Tuesday . The company traded as low as GBX 53 ($0.67) and last traded at GBX 54 ($0.68). Approximately 48,025 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 140,635 shares. The stock had previously closed at GBX 54.50 ($0.69).

Marks Electrical Group Price Performance

The business’s 50-day moving average price is GBX 53.87 and its 200 day moving average price is GBX 56.73. The company has a market capitalization of £56.67 million, a P/E ratio of 132.74 and a beta of 0.73. The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 8.42.

Insider Activity at Marks Electrical Group

In related news, insider Warren Middleton bought 18,379 shares of the stock in a transaction that occurred on Friday, January 31st. The shares were acquired at an average cost of GBX 54 ($0.68) per share, with a total value of £9,924.66 ($12,578.78). 79.32% of the stock is currently owned by insiders.

Marks Electrical Group Company Profile

Marks Electrical Group PLC, together with its subsidiary, engages in the supply of domestic electrical appliances and consumer electronics in the United Kingdom. The company also provides removal and recycling of packaging; collection and recycling of old appliances; and extended warranties and installation services.