ME Group International (LON:MEGP) Trading Down 0.5% - Time to Sell?

ME Group International plc (LON:MEGP - Get Free Report) dropped 0.5% during mid-day trading on Friday . The stock traded as low as GBX 217.50 ($2.93) and last traded at GBX 220 ($2.97). Approximately 182,115 shares traded hands during trading, a decline of 78% from the average daily volume of 829,259 shares. The stock had previously closed at GBX 221 ($2.98).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 305 ($4.11) target price on shares of ME Group International in a report on Monday, June 2nd.

ME Group International Stock Performance

The stock has a market capitalization of £836.26 million, a PE ratio of 15.80 and a beta of 1.20. The firm's 50 day moving average is GBX 217.35 and its two-hundred day moving average is GBX 206.47.

About ME Group International

ME Group International plc LSE: MEGP operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market. The Group operates vending units across 18 countries and its technological innovation is focused on four principal areas: • Photo.ME - Photobooths and integrated biometric identification solutions • Wash.ME - Unattended laundry services and launderettes • Print.ME - High-quality digital printing kiosks • Feed.ME - Vending equipment for the food service market In addition, the Group operates other vending equipment such as children's rides, amusement machines, and business service equipment. Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by the Group.

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