Made Tech Group (LON:MTEC) Shares Up 10.6% – Here’s Why

Made Tech Group Plc (LON:MTEC) rose 10.6% on Wednesday . The stock traded as high as GBX 31 ($0.39) and last traded at GBX 30.70 ($0.38). Approximately 1,065,374 shares changed hands during trading, an increase of 111% from the average daily volume of 505,108 shares. The stock had previously closed at GBX 27.75 ($0.35).

Made Tech Group Stock Up 14.8 %

The company has a quick ratio of 2.95, a current ratio of 4.62 and a debt-to-equity ratio of 0.32. The stock has a 50-day simple moving average of GBX 24.70 and a 200-day simple moving average of GBX 20.17. The firm has a market capitalization of £47.54 million, a PE ratio of -1,592.25 and a beta of 0.90.

Made Tech Group (LON:MTEC) last announced its quarterly earnings data on Wednesday, February 5th. The company reported GBX 0.71 ($0.01) earnings per share (EPS) for the quarter. Made Tech Group had a negative return on equity of 17.71% and a negative net margin of 6.36%. Analysts forecast that Made Tech Group Plc will post 2.6199998 EPS for the current year.

Made Tech Group Company Profile

Made Tech Group Plc provides digital, data, and technology services to the public sector in the United Kingdom. It offers digital delivery, embedded capabilities, data infrastructure and insights, and legacy application transformation services. The company provides services that enable central government, healthcare, and local government organizations to digitally transform.