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

Shares of Mpac Group plc (LON:MPAC) were up 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 traded hands 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 restated a “house stock” rating on shares of Mpac Group in a research report on Tuesday, April 21st.

Mpac Group Stock Up 2.8%

The company has a quick ratio of 1.12, a current ratio of 0.73 and a debt-to-equity ratio of 90.97. The business has a 50-day moving average price of GBX 249.84 and a 200-day moving average price of GBX 302. The firm has a market capitalization of £84.20 million, a PE ratio of -8.81, a price-to-earnings-growth ratio of 2.04 and a beta of 0.45.

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 during the quarter. Mpac Group had a negative return on equity of 12.67% and a negative net margin of 5.46%. Equities research analysts forecast that Mpac Group plc will post 43.2789474 earnings per share for the current fiscal 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.