Mpac Group (LON:MPAC) Stock Price Up 0.9% – Time to Buy?

Shares of Mpac Group plc (LON:MPAC) rose 0.9% during trading on Friday . The stock traded as high as GBX 334 and last traded at GBX 333. Approximately 19,728 shares were traded during trading, a decline of 82% from the average daily volume of 111,427 shares. The stock had previously closed at GBX 330.

Wall Street Analyst Weigh In

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

Mpac Group Stock Performance

The company has a current ratio of 0.73, a quick ratio of 1.12 and a debt-to-equity ratio of 90.97. The firm has a 50-day simple moving average of GBX 299.59 and a two-hundred day simple moving average of GBX 286.12. The company has a market capitalization of £100.14 million, a price-to-earnings ratio of -10.47, a price-to-earnings-growth ratio of 2.04 and a beta of 0.47.

Insider Transactions at Mpac Group

In other news, insider Simon Kesterton acquired 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The shares were purchased at an average price of GBX 215 per share, for a total transaction of £15,050. Also, insider Clive Whiley acquired 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The shares were acquired at an average cost of GBX 215 per share, for a total transaction of £53,750. In the last 90 days, insiders acquired 46,525 shares of company stock worth $10,319,300. 3.08% of the stock is owned by corporate insiders.

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.