Marks Electrical Group PLC (LON:MRK) Insider Joshua E. T. A. Egan Sells 61,279 Shares

Posted by Jessica Moore on Jul 13th, 2024

Marks Electrical Group PLC (LON:MRK – Get Free Report) insider Joshua E. T. A. Egan sold 61,279 shares of Marks Electrical Group stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of GBX 70 ($0.90), for a total value of £42,895.30 ($54,944.67).

Marks Electrical Group Price Performance

MRK opened at GBX 70 ($0.90) on Friday. Marks Electrical Group PLC has a 52-week low of GBX 64.50 ($0.83) and a 52-week high of GBX 110 ($1.41). The stock has a market cap of £73.47 million, a P/E ratio of 1,747.50 and a beta of 0.79. The business has a fifty day moving average of GBX 69.07 and a 200 day moving average of GBX 72.47. The company has a quick ratio of 0.62, a current ratio of 1.47 and a debt-to-equity ratio of 6.38.

Marks Electrical Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, July 11th will be issued a GBX 0.66 ($0.01) dividend. This represents a dividend yield of 0.94%. This is a boost from Marks Electrical Group’s previous dividend of $0.30. The ex-dividend date of this dividend is Thursday, July 11th. Marks Electrical Group’s dividend payout ratio is currently 2,500.00%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 100 ($1.28) price objective on shares of Marks Electrical Group in a research note on Tuesday, April 16th. Shore Capital reiterated a “buy” rating on shares of Marks Electrical Group in a report on Tuesday, April 16th.

Check Out Our Latest Analysis on Marks Electrical Group

About Marks Electrical Group

(Get Free Report)

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.