Made Tech Group (LON:MTEC) Stock Price Up 10.6% – Still a Buy?

Made Tech Group Plc (LON:MTEC)’s stock price was up 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 current ratio of 4.62, a quick ratio of 2.95 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of £47.54 million, a PE ratio of -1,592.25 and a beta of 0.90. The stock’s fifty day simple moving average is GBX 24.70 and its 200-day simple moving average is GBX 20.17.

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

About Made Tech Group

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.