Marks Electrical Group (LON:MRK) Reaches New 52-Week Low at $60.00

Marks Electrical Group PLC (LON:MRK) shares hit a new 52-week low 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 Trading Up 3.2 %

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 stock has a market cap of £68.05 million, a price-to-earnings ratio of 1,613.00 and a beta of 0.73. The business’s 50 day moving average is GBX 65.87 and its 200 day moving average is GBX 68.55.

Marks Electrical Group Increases Dividend

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

Insider Buying and Selling

In related news, insider Joshua E. T. A. Egan sold 61,279 shares of the stock in a transaction on Tuesday, July 9th. The shares were 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 owned by company 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.