Marlowe (LON:MRL) Shares Down 1.5%

Marlowe PLC (LON:MRL) was down 1.5% during mid-day trading on Monday . The stock traded as low as GBX 450 ($5.88) and last traded at GBX 451 ($5.89), approximately 25,458 shares traded hands during mid-day trading. An increase of 48% from the average daily volume of 17,193 shares. The stock had previously closed at GBX 458 ($5.98).

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 620 ($8.10) target price on shares of Marlowe in a research report on Tuesday, June 18th.

The company has a market capitalization of $207.79 million and a price-to-earnings ratio of 125.83. The firm has a 50-day moving average of GBX 450.47. The company has a debt-to-equity ratio of 35.87, a current ratio of 1.50 and a quick ratio of 1.33.

In related news, insider Kevin Quinn bought 11,200 shares of Marlowe stock in a transaction dated Monday, June 24th. The shares were acquired at an average cost of GBX 445 ($5.81) per share, with a total value of £49,840 ($65,124.79).

Marlowe Company Profile (LON:MRL)

Marlowe plc provides fire and security, water treatment, and air hygiene services in the United Kingdom. It operates through two segments, Fire Protection & Security Systems, and Water Treatment & Air Quality. The company designs, installs, and maintains fire protection and security systems for retailers, banks, and housing associations, as well as leisure, education, retail, local authority customers; and provides integrated water treatment, hygiene, testing, and engineering services.

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