Mpac Group (LON:MPAC) Shares Down 20.6% – Here’s What Happened

Shares of Mpac Group plc (LON:MPAC) were down 20.6% on Monday . The stock traded as low as GBX 205.50 and last traded at GBX 210. Approximately 3,183,844 shares changed hands during trading, an increase of 3,082% from the average daily volume of 100,073 shares. The stock had previously closed at GBX 264.40.

Analyst Upgrades and Downgrades

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

Mpac Group Stock Up 1.3%

The firm’s 50-day moving average price is GBX 248.08 and its 200 day moving average price is GBX 298.91. The company has a market capitalization of £63.97 million, a price-to-earnings ratio of -6.69, a PEG ratio of 2.04 and a beta of 0.47. The company has a current ratio of 0.73, a quick ratio of 1.12 and a debt-to-equity ratio of 90.97.

Mpac Group (LON:MPAC) last posted its quarterly earnings results on Tuesday, April 21st. The company reported GBX 35.90 earnings per share (EPS) for the quarter. The business had revenue of £174.10 million for the quarter. Mpac Group had a negative net margin of 5.46% and a negative return on equity of 12.67%. On average, sell-side analysts forecast that Mpac Group plc will post 43.2789474 EPS for the current fiscal year.

Insiders Place Their Bets

In other Mpac Group news, insider Clive Whiley purchased 25,000 shares of the firm’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 £53,750. Also, insider Simon Kesterton purchased 7,000 shares of the stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average cost of GBX 215 per share, with a total value of £15,050. Insiders acquired 36,525 shares of company stock worth $7,839,300 over the last three months. Insiders own 2.89% of the company’s stock.

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.