Mpac Group (LON:MPAC) Trading Up 13.7% on Insider Buying Activity
Mpac Group's stock rose 13.7% to GBX 357.89 ($4.77) following insider buying by David Squires, who purchased 6,250 shares at GBX 286 each. Trading volume increased by 60% compared to the average. The company has a market cap of £107.63 million, a PE ratio of -7.95, and reported GBX 12.10 EPS for the last quarter. Analysts predict an EPS of 43.28 for the current year. Despite the rise, Mpac Group holds a Hold rating among analysts, with other stocks recommended as better buys.
Mpac Group plc (LON:MPAC - Get Free Report)'s stock price was up 13.7% during mid-day trading on Monday following insider buying activity. The company traded as high as GBX 358 ($4.77) and last traded at GBX 357.89 ($4.77). Approximately 178,175 shares traded hands during trading, an increase of 60% from the average daily volume of 111,222 shares. The stock had previously closed at GBX 314.85 ($4.19).
Specifically, insider David Squires purchased 6,250 shares of the firm's stock in a transaction on Thursday, October 23rd. The shares were purchased at an average price of GBX 286 per share, for a total transaction of £17,875.
Analyst Ratings Changes
Separately, Shore Capital restated a "house stock" rating on shares of Mpac Group in a report on Tuesday, July 1st.
Get Our Latest Stock Analysis on Mpac Group
Mpac Group Trading Up 13.7%
The company has a market capitalization of £107.63 million, a PE ratio of -7.95, a PEG ratio of 2.04 and a beta of 0.37. The company has a fifty day simple moving average of GBX 295.79 and a 200-day simple moving average of GBX 348.92. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 24.53.
Mpac Group (LON:MPAC - Get Free Report) last released its quarterly earnings data on Tuesday, September 23rd. The company reported GBX 12.10 EPS for the quarter. Mpac Group had a net margin of 5.11% and a return on equity of 9.36%. Analysts predict that Mpac Group plc will post 43.2789474 EPS for the current year.
Mpac Group Company Profile
(Get Free Report)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.
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