Marks Electrical Group (LON:MRK) Shares Down 1.7% – Should You Sell?

Marks Electrical Group PLC (LON:MRK) fell 1.7% during mid-day trading on Wednesday . The stock traded as low as GBX 56 ($0.72) and last traded at GBX 57.04 ($0.74). 58,945 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 200,936 shares. The stock had previously closed at GBX 58 ($0.75).

Marks Electrical Group Stock Down 1.7 %

The stock’s 50 day moving average is GBX 54.53 and its 200 day moving average is GBX 55.68. The company has a market capitalization of £59.86 million, a PE ratio of 140.22 and a beta of 0.73. The company has a debt-to-equity ratio of 8.42, a quick ratio of 0.62 and a current ratio of 1.59.

Insider Transactions at Marks Electrical Group

In other news, insider Warren Middleton purchased 18,379 shares of the stock in a transaction dated Friday, January 31st. The shares were purchased at an average cost of GBX 54 ($0.70) per share, with a total value of £9,924.66 ($12,814.28). Corporate insiders own 79.32% of the company’s stock.

About Marks Electrical Group

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.