Mpac Group (LON:MPAC) Stock Falls 1.4% – Here’s What Happened

Mpac Group plc (LON:MPAC)’s stock price dropped 1.4% on Tuesday. The company traded as low as GBX 330 and last traded at GBX 330.15. Approximately 6,729 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 101,756 shares. The stock had previously closed at GBX 335.

Wall Street Analysts Forecast Growth

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 1.4%

The company’s 50-day moving average is GBX 332.90 and its 200 day moving average is GBX 286.32. The company has a current ratio of 0.74, a quick ratio of 1.12 and a debt-to-equity ratio of 95.17. The firm has a market cap of £99.29 million, a PE ratio of -13.31, a P/E/G ratio of 2.04 and a beta of 0.47.

Mpac Group (LON:MPAC) last posted its quarterly earnings data on Tuesday, September 15th. The company reported GBX 5.70 earnings per share for the quarter. Mpac Group had a negative net margin of 4.61% and a negative return on equity of 10.45%. As a group, sell-side analysts predict that Mpac Group plc will post 43.2789474 EPS for the current year.

About Mpac Group

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.