Mpac Group (LON:MPAC) Issues Earnings Results

Mpac Group (LON:MPAC) announced its earnings results on Tuesday. The company reported GBX 5.70 earnings per share for the quarter, Digital Look Earnings reports. Mpac Group had a negative return on equity of 12.67% and a negative net margin of 5.46%.

Mpac Group Price Performance

MPAC stock traded down GBX 21.62 during trading on Tuesday, hitting GBX 325.88. The company had a trading volume of 209,713 shares, compared to its average volume of 105,541. The business has a 50 day moving average of GBX 326.51 and a 200 day moving average of GBX 283.84. The firm has a market capitalization of £98.00 million, a price-to-earnings ratio of -10.25, 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 has a fifty-two week low of GBX 200 and a fifty-two week high of GBX 405.

Analyst Ratings Changes

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

Insider Activity at Mpac Group

In other news, insider David Squires purchased 10,000 shares of the firm’s stock in a transaction on Friday, June 19th. The stock was purchased at an average cost of GBX 248 per share, with a total value of £24,800. 3.08% of the stock is owned by corporate insiders.

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.