Shares of Mpac Group plc (LON:MPAC – Get 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%
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
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.
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