Insider Buying: Mpac Group (LON:MPAC) Insider Purchases £24,800 in Stock

Mpac Group plc (LON:MPAC) insider David Squires acquired 10,000 shares of Mpac Group stock in a transaction on Friday, June 19th. The stock was acquired at an average price of GBX 248 per share, with a total value of £24,800.

Mpac Group Stock Performance

Shares of Mpac Group stock traded up GBX 5 during trading hours on Friday, hitting GBX 250. 114,899 shares of the company’s stock traded hands, compared to its average volume of 106,740. Mpac Group plc has a 12-month low of GBX 200 and a 12-month high of GBX 445. The stock has a market capitalization of £75.18 million, a price-to-earnings ratio of -7.86, a PEG ratio of 2.04 and a beta of 0.47. The company has a fifty day simple moving average of GBX 246.34 and a 200-day simple moving average of GBX 293.61. The company has a debt-to-equity ratio of 90.97, a current ratio of 0.73 and a quick ratio of 1.12.

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

Wall Street Analysts Forecast Growth

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

Mpac Group Company Profile

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.