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

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

Marks Electrical Group Trading Down 0.9 %

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

Insider Buying and Selling

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

About Marks Electrical Group

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.