Marks Electrical Group (LON:MRK) Reaches New 1-Year Low at $60.00

Marks Electrical Group PLC (LON:MRK)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as GBX 60 ($0.78) and last traded at GBX 65 ($0.85), with a volume of 30825 shares changing hands. The stock had previously closed at GBX 63 ($0.82).

Marks Electrical Group Price Performance

The company has a current ratio of 1.59, a quick ratio of 0.62 and a debt-to-equity ratio of 8.42. The stock has a fifty day simple moving average of GBX 65.87 and a two-hundred day simple moving average of GBX 68.55. The company has a market cap of £68.05 million, a PE ratio of 1,613.00 and a beta of 0.73.

Marks Electrical Group Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, July 11th were paid a GBX 0.66 ($0.01) dividend. The ex-dividend date was Thursday, July 11th. This is an increase from Marks Electrical Group’s previous dividend of $0.30. This represents a dividend yield of 0.94%.

Insider Buying and Selling

In other Marks Electrical Group news, insider Joshua E. T. A. Egan sold 61,279 shares of the firm’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of GBX 70 ($0.92), for a total value of £42,895.30 ($56,094.29). 79.32% of the stock is currently owned by corporate insiders.

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.