Marks Electrical Group (LON:MRK) Reaches New 12-Month Low – Here’s What Happened

Shares of Marks Electrical Group PLC (LON:MRK) reached a new 52-week low on Monday . The stock traded as low as GBX 48 ($0.60) and last traded at GBX 48 ($0.60), with a volume of 7835685 shares trading hands. The stock had previously closed at GBX 50 ($0.63).

Marks Electrical Group Price Performance

The stock’s fifty day simple moving average is GBX 57.49 and its two-hundred day simple moving average is GBX 63.84. 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 company has a market capitalization of £52.87 million, a price-to-earnings ratio of 1,613.00 and a beta of 0.73.

Marks Electrical Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 20th. Investors of record on Thursday, November 28th will be paid a dividend of GBX 0.30 ($0.00) per share. The ex-dividend date of this dividend is Thursday, November 28th. This represents a yield of 0.51%.

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.