ME Group International (LON:MEGP) Stock Price Down 1.5% - Time to Sell?

Key Points

• ME Group International's stock declined by 1.5%, trading at GBX 182.80 ($2.44) after hitting a low of GBX 182 ($2.43).
• The company recorded a 58% drop in trading volume, with only 305,984 shares exchanged compared to the average of 732,456 shares.
• ME Group International operates over 48,000 vending units across 16 countries, focusing on the automated self-service equipment market.

ME Group International plc (LON:MEGP - ) traded down 1.5% on Friday . The stock traded as low as GBX 182 ($2.43) and last traded at GBX 182.80 ($2.44). 305,984 shares traded hands during mid-day trading, a decline of 58% from the average session volume of 732,456 shares. The stock had previously closed at GBX 185.60 ($2.48).

ME Group International Price Performance

The company has a 50-day moving average price of GBX 196.52 and a two-hundred day moving average price of GBX 204.46. The company has a market cap of £690.48 million, a PE ratio of 1,215.43 and a beta of 1.20.

ME Group International Company Profile

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.

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