Made Tech Group (LON:MTEC) Shares Down 4.4% – Here’s Why

Made Tech Group Plc (LON:MTEC)’s share price was down 4.4% on Tuesday . The company traded as low as GBX 23.66 ($0.31) and last traded at GBX 23.66 ($0.31). Approximately 116,562 shares traded hands during trading, a decline of 74% from the average daily volume of 446,570 shares. The stock had previously closed at GBX 24.75 ($0.32).

Made Tech Group Stock Performance

The company has a 50 day moving average of GBX 27.71 and a 200 day moving average of GBX 22.90. The stock has a market capitalization of £35.33 million, a price-to-earnings ratio of -14.40 and a beta of 0.90.

Made Tech Group (LON:MTEC) last issued its quarterly earnings data on Wednesday, February 5th. The company reported GBX 0.71 ($0.01) earnings per share for the quarter. Made Tech Group had a negative net margin of 6.36% and a negative return on equity of 18.03%. As a group, research analysts expect that Made Tech Group Plc will post 2.6199998 EPS for the current fiscal year.

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.