Mpac Group (LON:MPAC) Stock Price Up 0.1% – Time to Buy?

Mpac Group plc (LON:MPAC)’s stock price rose 0.1% on Tuesday . The stock traded as high as GBX 260 and last traded at GBX 255.14. Approximately 39,238 shares changed hands during mid-day trading, a decline of 49% from the average daily volume of 76,730 shares. The stock had previously closed at GBX 255.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Mpac Group in a report on Tuesday, April 21st.

Mpac Group Stock Performance

The firm’s fifty day moving average price is GBX 261.76 and its 200 day moving average price is GBX 313.58. 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 stock has a market capitalization of £76.73 million, a price-to-earnings ratio of -8.02, a price-to-earnings-growth ratio of 2.04 and a beta of 0.45.

Mpac Group (LON:MPAC) last issued its quarterly earnings data on Tuesday, April 21st. The company reported GBX 35.90 EPS for the quarter. Mpac Group had a negative net margin of 5.46% and a negative return on equity of 12.67%. The firm had revenue of £174.10 million for the quarter. Analysts forecast that Mpac Group plc will post 43.2789474 EPS 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.