ME Group International (LON:MEGP) to Repurchase 0 Stock

ME Group International (LON:MEGP) announced that its board has approved a share repurchase plan on Monday, March 23rd, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its stock is undervalued.

ME Group International Trading Down 3.4%

LON:MEGP opened at GBX 136.19 on Thursday. ME Group International has a 1-year low of GBX 112.20 and a 1-year high of GBX 237.50. The firm has a market capitalization of £514.42 million, a price-to-earnings ratio of 9.06 and a beta of 1.20. The business’s 50-day moving average price is GBX 138.15 and its two-hundred day moving average price is GBX 159.14.

ME Group International (LON:MEGP) last posted its earnings results on Monday, March 23rd. The company reported GBX 15 earnings per share (EPS) for the quarter. ME Group International had a return on equity of 30.42% and a net margin of 18.33%. Sell-side analysts predict that ME Group International will post 15.5344418 earnings per share for the current year.

ME Group International Company Profile

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ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 48,000 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.