Mpac Group (LON:MPAC) Trading Down 1.1% – What’s Next?

Mpac Group plc (LON:MPAC) traded down 1.1% during mid-day 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 daily volume of 116,440 shares. The stock had previously closed at GBX 325.

Analyst Ratings Changes

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

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 moving average of GBX 274.72 and a 200-day moving average of GBX 288.77. The firm 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.

Insider Buying and Selling

In related news, insider Simon Kesterton acquired 7,000 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were bought at an average price of GBX 215 per share, for a total transaction of £15,050. Also, insider David Squires acquired 10,000 shares of the company’s stock in a transaction dated Friday, June 19th. The shares were bought at an average price of GBX 248 per share, for a total transaction of £24,800. Insiders have bought 46,525 shares of company stock valued at $10,319,300 in the last ninety days. 3.08% of the stock is owned by company 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.