Marks Electrical Group (LON:MRK) Stock Price Down 1.7% – Here’s What Happened

Marks Electrical Group PLC (LON:MRK) shares fell 1.7% during trading on Wednesday . The stock traded as low as GBX 56 ($0.73) and last traded at GBX 57.04 ($0.74). 58,945 shares traded hands during trading, a decline of 71% from the average session volume of 200,936 shares. The stock had previously closed at GBX 58 ($0.75).

Marks Electrical Group Price Performance

The company has a quick ratio of 0.62, a current ratio of 1.59 and a debt-to-equity ratio of 8.42. The stock has a market capitalization of £59.86 million, a PE ratio of 140.22 and a beta of 0.73. The company has a 50-day moving average of GBX 54.44 and a 200 day moving average of GBX 55.67.

Insider Buying and Selling

In other news, insider Warren Middleton purchased 18,379 shares of the company’s stock in a transaction that occurred on Friday, January 31st. The stock was purchased at an average cost of GBX 54 ($0.70) per share, for a total transaction of £9,924.66 ($12,910.97). 79.32% of the stock is owned by company 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.