Mpac Group (LON:MPAC) Stock Price Up 0.8% – Here’s What Happened

Mpac Group plc (LON:MPAC)’s stock price rose 0.8% during mid-day trading on Friday . The company traded as high as GBX 351.10 and last traded at GBX 350.25. Approximately 17,442 shares were traded during trading, a decline of 83% from the average daily volume of 104,958 shares. The stock had previously closed at GBX 347.50.

Wall Street Analysts Forecast Growth

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

Mpac Group Stock Performance

The stock has a 50 day simple moving average of GBX 325.33 and a 200 day simple moving average of GBX 284.42. The company has a quick ratio of 1.12, a current ratio of 0.73 and a debt-to-equity ratio of 90.97. The company has a market cap of £105.33 million, a price-to-earnings ratio of -11.01, a PEG ratio of 2.04 and a beta of 0.47.

Insider Activity at Mpac Group

In related news, insider David Squires purchased 10,000 shares of Mpac Group stock in a transaction that occurred on Friday, June 19th. The shares were purchased at an average cost of GBX 248 per share, with a total value of £24,800. Insiders own 3.08% of the company’s stock.

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.