Marks Electrical Group (LON:MRK) Trading 2.3% Higher – Here’s Why

Marks Electrical Group PLC (LON:MRK)’s share price traded up 2.3% during trading on Thursday . The company traded as high as GBX 53.70 ($0.67) and last traded at GBX 53.70 ($0.67). 4,638 shares changed hands during trading, a decline of 95% from the average session volume of 102,974 shares. The stock had previously closed at GBX 52.50 ($0.66).

Marks Electrical Group Price Performance

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 £56.22 million, a price-to-earnings ratio of 1,613.00 and a beta of 0.73. The stock has a fifty day moving average of GBX 54.64 and a 200 day moving average of GBX 61.80.

Marks Electrical Group Cuts Dividend

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

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.