ME Group International (LON:MEGP) Stock Falls 1.4% – Time to Sell?

Shares of ME Group International plc (LON:MEGP) were down 1.4% during trading on Tuesday. The stock traded as low as GBX 115.20 and last traded at GBX 115.60. Approximately 690,918 shares were traded during trading, a decline of 78% from the average daily volume of 3,187,309 shares. The stock had previously closed at GBX 117.20.

Wall Street Analyst Weigh In

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 230 price objective on shares of ME Group International in a research report on Monday, July 13th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, ME Group International has a consensus rating of “Buy” and a consensus target price of GBX 225.

ME Group International Stock Down 1.8%

The stock has a market capitalization of £418.85 million, a P/E ratio of 7.63 and a beta of 0.53. The stock’s 50 day moving average price is GBX 120.74 and its 200-day moving average price is GBX 124.42.

ME Group International (LON:MEGP) last released its quarterly earnings results on Monday, July 13th. The company reported GBX 6.50 earnings per share for the quarter. ME Group International had a net margin of 17.57% and a return on equity of 26.96%. Analysts anticipate that ME Group International plc will post 15.5344418 earnings per share for the current year.

ME Group International Company Profile

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 49,000 vending units currently in operation.

The Group operates, sells and services a wide range of instant-service vending equipment across 16 countries in its key regions of Continental Europe, the UK & Republic of Ireland and Asia Pacific. The Group’s services include:

Core activities:
• Photo.ME – Photobooths and integrated biometric identification solutions
• Wash.ME – Unattended laundry services and launderettes

Ancillary activities:
• Print.ME – High-quality digital printing kiosks
• Other vending – Primarily foodservice vending equipment (Feed.ME), Children’s rides (Amuse.ME), Photocopier services (Copy.ME)

The Group has a proven track record of innovation and diversification of its products and services, enabling it to respond to the evolving needs of its customers and consumers.

The Group benefits from well-established partnerships and long-term contracts with major site owners in attractive, high-footfall locations, enabling it to offer multiple products and services onsite.