Mpac Group (LON:MPAC) Insider David Squires Buys 10,000 Shares of Stock

Mpac Group plc (LON:MPAC) insider David Squires bought 10,000 shares of the company’s stock in a transaction dated Friday, June 19th. The stock was bought at an average price of GBX 248 per share, for a total transaction of £24,800.

Mpac Group Stock Up 2.0%

Shares of LON:MPAC traded up GBX 5 during mid-day trading on Friday, hitting GBX 250. 114,899 shares of the company traded hands, compared to its average volume of 106,740. The stock has a market cap of £75.18 million, a P/E ratio of -7.86, a P/E/G ratio of 2.04 and a beta of 0.47. The company has a current ratio of 0.73, a quick ratio of 1.12 and a debt-to-equity ratio of 90.97. Mpac Group plc has a 12-month low of GBX 200 and a 12-month high of GBX 445. The stock has a 50-day moving average price of GBX 246.34 and a two-hundred day moving average price of GBX 293.61.

Mpac Group (LON:MPAC) last released its quarterly earnings results on Tuesday, April 21st. The company reported GBX 35.90 EPS for the quarter. Mpac Group had a negative return on equity of 12.67% and a negative net margin of 5.46%.The business had revenue of £174.10 million during the quarter. On average, equities research analysts forecast that Mpac Group plc will post 43.2789474 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.