ME Group International (LON:MEGP) Shares Down 0.3% – Here’s What Happened

ME Group International plc (LON:MEGP) shares dropped 0.3% on Tuesday . The company traded as low as GBX 119.49 and last traded at GBX 119.60. Approximately 12,961,896 shares changed hands during mid-day trading, an increase of 275% from the average session volume of 3,452,892 shares. The stock had previously closed at GBX 120.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reissued a “buy” rating and issued a GBX 230 target price on shares of ME Group International in a report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 225.

ME Group International Price Performance

The firm has a 50-day simple moving average of GBX 118.14 and a two-hundred day simple moving average of GBX 126.27. The company has a market cap of £463.18 million, a PE ratio of 8.44 and a beta of 0.53.

ME Group International (LON:MEGP) last posted its quarterly earnings data on Monday, July 13th. The company reported GBX 6.50 EPS for the quarter. ME Group International had a return on equity of 26.96% and a net margin of 17.57%. Equities research analysts forecast that ME Group International plc will post 15.5344418 EPS for the current year.

About ME Group International

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 49,000 vending units currently in operation.

The Group operates, sells and services a wide range of instant-service vending equipment across 16 countries in its key regions of Continental Europe, the UK & Republic of Ireland and Asia Pacific. The Group’s services include:

Core activities:
• Photo.ME – Photobooths and integrated biometric identification solutions
• Wash.ME – Unattended laundry services and launderettes

Ancillary activities:
• Print.ME – High-quality digital printing kiosks
• Other vending – Primarily foodservice vending equipment (Feed.ME), Children’s rides (Amuse.ME), Photocopier services (Copy.ME)

The Group has a proven track record of innovation and diversification of its products and services, enabling it to respond to the evolving needs of its customers and consumers.

The Group benefits from well-established partnerships and long-term contracts with major site owners in attractive, high-footfall locations, enabling it to offer multiple products and services onsite.