Mpac Group (LON:MPAC) Shares Up 0.9% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

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

Mpac Group Stock Performance

The firm’s 50 day moving average price is GBX 299.59 and its 200-day moving average price is GBX 286.12. The firm has a market cap of £100.14 million, a price-to-earnings ratio of -10.47, a P/E/G ratio of 2.04 and a beta of 0.47. The company has a debt-to-equity ratio of 90.97, a current ratio of 0.73 and a quick ratio of 1.12.

Insider Activity at Mpac Group

In related news, insider Adam Holland acquired 4,525 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were bought at an average price of GBX 212 per share, for a total transaction of £9,593. Also, insider Simon Kesterton acquired 7,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were bought at an average cost of GBX 215 per share, with a total value of £15,050. Insiders bought 46,525 shares of company stock valued at $10,319,300 in the last quarter. Company insiders own 3.08% of the company’s stock.

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.