Marks Electrical Group PLC (LON:MRK) Insider Alyson Tracey Fadil Acquires 5,586 Shares

Marks Electrical Group PLC (LON:MRK – Get Rating) insider Alyson Tracey Fadil bought 5,586 shares of the company’s stock in a transaction that occurred on Monday, January 23rd. The stock was acquired at an average cost of GBX 89 ($1.10) per share, for a total transaction of £4,971.54 ($6,155.18).

Marks Electrical Group Price Performance

Shares of MRK remained flat at GBX 90 ($1.11) during midday trading on Monday. The stock had a trading volume of 6,593 shares, compared to its average volume of 43,219. Marks Electrical Group PLC has a twelve month low of GBX 55 ($0.68) and a twelve month high of GBX 115 ($1.42). The company has a debt-to-equity ratio of 17.82, a current ratio of 1.45 and a quick ratio of 0.62. The stock has a market cap of £94.45 million and a P/E ratio of 3,000.00. The firm has a fifty day simple moving average of GBX 82.50 and a 200-day simple moving average of GBX 72.05.

Marks Electrical Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, December 23rd. Investors of record on Thursday, December 1st were paid a dividend of GBX 0.30 ($0.00) per share. The ex-dividend date of this dividend was Thursday, December 1st. This represents a yield of 0.4%. Marks Electrical Group’s dividend payout ratio is presently 22.33%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MRK. Shore Capital reaffirmed a “buy” rating on shares of Marks Electrical Group in a research report on Wednesday, December 7th. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 120 ($1.49) price target on shares of Marks Electrical Group in a report on Tuesday, November 8th.

About Marks Electrical Group

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Marks Electrical Group PLC operates as an online electrical retailer in the United Kingdom. It sells, delivers, and installs domestic electrical appliances and consumer electronics. The company was formerly known as Marks Electrical Holding Limited and changed its name to Marks Electrical Group PLC in October 2021.