M.P. Evans Group (LON:MPE) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of M.P. Evans Group PLC (LON:MPE) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,318.84 and traded as high as GBX 1,510. M.P. Evans Group shares last traded at GBX 1,500, with a volume of 47,099 shares traded.

M.P. Evans Group Stock Up 1.7%

The company has a 50 day moving average of GBX 1,376.06 and a 200-day moving average of GBX 1,320.34. The company has a debt-to-equity ratio of 3.80, a current ratio of 3.43 and a quick ratio of 1.91. The company has a market cap of £800.90 million, a P/E ratio of 7.62 and a beta of 0.30.

Insider Buying and Selling at M.P. Evans Group

In other news, insider Matthew Coulson sold 8,450 shares of M.P. Evans Group stock in a transaction dated Thursday, January 22nd. The stock was sold at an average price of GBX 1,239, for a total transaction of £104,695.50. 8.70% of the stock is currently owned by insiders.

About M.P. Evans Group

M.P. Evans Group PLC is a responsible producer of certified sustainable crude palm oil (“CPO”), with plantations in five Indonesian provinces: Aceh, Bangka Belitung, East Kalimantan, North Sumatra and South Sumatra.

Headquartered in the UK, the Group’s shares are traded on the London Stock Exchange’s Alternative Investment Market (“AIM”).

The Group was founded by Matthew Pennefather Evans in the 1870s and its long history in tropical agriculture includes experience in tea and rubber plantations.