Mpac Group (LON:MPAC) Trading Up 4.8% – Time to Buy?

Mpac Group plc (LON:MPAC)’s stock price rose 4.8% during mid-day trading on Tuesday . The company traded as high as GBX 279 and last traded at GBX 272.50. Approximately 95,802 shares were traded during mid-day trading, an increase of 33% from the average daily volume of 72,090 shares. The stock had previously closed at GBX 260.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reissued a “house stock” rating on shares of Mpac Group in a research note on Tuesday, April 21st.

Mpac Group Trading Up 4.8%

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 stock has a market capitalization of £81.95 million, a price-to-earnings ratio of -8.57, a PEG ratio of 2.04 and a beta of 0.45. The business has a 50 day simple moving average of GBX 250 and a 200-day simple moving average of GBX 303.15.

Mpac Group (LON:MPAC) last posted its quarterly earnings data on Tuesday, April 21st. The company reported GBX 35.90 earnings per share for the quarter. Mpac Group had a negative return on equity of 12.67% and a negative net margin of 5.46%.The company had revenue of £174.10 million during the quarter. As a group, equities analysts expect that Mpac Group plc will post 43.2789474 earnings per share 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.