Mpac Group (LON:MPAC) Trading Up 4.7% – Here’s What Happened

Mpac Group plc (LON:MPAC) shares traded up 4.7% during trading on Tuesday . The company traded as high as GBX 354 and last traded at GBX 353.50. 100,275 shares traded hands during mid-day trading, a decline of 20% from the average session volume of 124,785 shares. The stock had previously closed at GBX 337.50.

Mpac Group Stock Performance

The company has a debt-to-equity ratio of 24.53, a current ratio of 1.29 and a quick ratio of 1.12. The company has a market cap of £106.31 million, a price-to-earnings ratio of -7.86, a PEG ratio of 2.04 and a beta of 0.37. The firm has a 50 day simple moving average of GBX 325.42 and a 200-day simple moving average of GBX 316.54.

Insider Transactions at Mpac Group

In related news, insider David Squires bought 6,250 shares of the firm’s stock in a transaction on Thursday, October 23rd. The shares were bought at an average price of GBX 286 per share, with a total value of £17,875. Company insiders own 2.88% of the company’s stock.

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.