Mpac Group (LON:MPAC) Shares Down 1.1% – Here’s Why

Shares of Mpac Group plc (LON:MPACGet Free Report) traded down 1.1% during trading on Friday . The company traded as low as GBX 315 and last traded at GBX 321.40. 3,550 shares were traded during mid-day trading, a decline of 97% from the average session volume of 116,440 shares. The stock had previously closed at GBX 325.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on Mpac Group

Mpac Group Trading Down 1.1%

The company has a debt-to-equity ratio of 90.97, a current ratio of 0.73 and a quick ratio of 1.12. The business has a 50-day simple moving average of GBX 274.72 and a two-hundred day simple moving average of GBX 288.77. The stock has a market cap of £96.65 million, a price-to-earnings ratio of -10.11, a P/E/G ratio of 2.04 and a beta of 0.45.

Insiders Place Their Bets

In other Mpac Group news, insider David Squires bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, June 19th. The shares were acquired at an average cost of GBX 248 per share, with a total value of £24,800. Also, insider Clive Whiley bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average cost of GBX 215 per share, for a total transaction of £53,750. Over the last quarter, insiders have purchased 46,525 shares of company stock valued at $10,319,300. 3.08% of the stock is owned by insiders.

Mpac Group Company Profile

(Get Free Report)

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.

See Also

Receive News & Ratings for Mpac Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mpac Group and related companies with MarketBeat.com's FREE daily email newsletter.