Marks Electrical Group (LON:MRK) Reaches New 1-Year Low at $58.00

Marks Electrical Group PLC (LON:MRK)’s share price reached a new 52-week low on Wednesday . The company traded as low as GBX 58 ($0.77) and last traded at GBX 58.40 ($0.77), with a volume of 9334 shares traded. The stock had previously closed at GBX 59 ($0.78).

Marks Electrical Group Stock Down 1.0 %

The company has a market capitalization of £61.14 million, a PE ratio of 1,613.00 and a beta of 0.73. 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 firm has a 50 day simple moving average of GBX 65.20 and a two-hundred day simple moving average of GBX 68.24.

Marks Electrical Group Increases Dividend

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

Insider Transactions at Marks Electrical Group

In other news, insider Joshua E. T. A. Egan sold 61,279 shares of the firm’s stock in a transaction that occurred 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 ($56,664.86). Company insiders own 79.32% of the company’s stock.

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.