Mpac Group (LON:MPAC) Trading Up 2.6% – Here’s Why

Mpac Group plc (LON:MPAC) shot up 2.6% on Friday . The stock traded as high as GBX 310 and last traded at GBX 300. 201,163 shares changed hands during trading, an increase of 93% from the average session volume of 104,028 shares. The stock had previously closed at GBX 292.50.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reissued a “house stock” rating on shares of Mpac Group in a research note on Monday, June 8th.

Mpac Group Price Performance

The company has a current ratio of 0.73, a quick ratio of 1.12 and a debt-to-equity ratio of 90.97. The stock has a 50-day simple moving average of GBX 254.74 and a 200 day simple moving average of GBX 287.89. The stock has a market capitalization of £90.22 million, a price-to-earnings ratio of -9.43, a price-to-earnings-growth ratio of 2.04 and a beta of 0.45.

Mpac Group (LON:MPAC) last issued its earnings results on Tuesday, April 21st. The company reported GBX 35.90 earnings per share for the quarter. The company had revenue of £174.10 million for the quarter. Mpac Group had a negative return on equity of 12.67% and a negative net margin of 5.46%. On average, equities research analysts forecast that Mpac Group plc will post 43.2789474 EPS for the current fiscal year.

Insider Activity at Mpac Group

In related news, insider Clive Whiley bought 25,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was bought at an average price of GBX 215 per share, for a total transaction of £53,750. Also, insider Simon Kesterton bought 7,000 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was bought at an average price of GBX 215 per share, with a total value of £15,050. Over the last ninety days, insiders bought 46,525 shares of company stock valued at $10,319,300. Company insiders own 3.08% of the company’s stock.

About Mpac Group

Mpac (AIM: MPAC) is a global leader in engineering and technology, designing, precision engineering, manufacturing, and supporting high-speed packaging equipment and solutions.

Mpac serves 80 countries across four key regions around the world including the Americas, EMEA, and APAC. The Company operates in the attractive growth markets of Food & Beverage, and Healthcare. These targeted markets boast significant growth opportunities.

Through its six core product lines – BCA, Lambert, Langen, Switchback, CSi and SIGA Vision – the Company provides Original Equipment and Services for automated high-speed packaging, from assembly of products through to case packing and palletising.