ME Group International (LON:MEGP) Trading Down 0.7% - Here's What Happened

Shares of ME Group International plc (LON:MEGP - Get Free Report) traded down 0.7% during mid-day trading on Tuesday . The company traded as low as GBX 210 ($2.79) and last traded at GBX 210 ($2.79). 256,000 shares were traded during trading, a decline of 73% from the average session volume of 941,515 shares. The stock had previously closed at GBX 211.50 ($2.81).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lifted their price target on shares of ME Group International from GBX 203 ($2.70) to GBX 235 ($3.13) and gave the company a "buy" rating in a research report on Tuesday, February 25th.

ME Group International Stock Down 0.7%

The firm has a market cap of £798.25 million, a PE ratio of 15.08 and a beta of 1.20. The firm has a 50 day moving average of GBX 192.22 and a 200 day moving average of GBX 206.18.

ME Group International (LON:MEGP - Get Free Report) last posted its quarterly earnings results on Monday, February 24th. The company reported GBX 14.36 ($0.19) earnings per share (EPS) for the quarter. ME Group International had a net margin of 17.39% and a return on equity of 32.52%. On average, research analysts anticipate that ME Group International plc will post 15.5344418 EPS for the current year.

ME Group International Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be paid a dividend of GBX 4.45 ($0.06) per share. This is a positive change from ME Group International's previous dividend of $3.45. The ex-dividend date of this dividend is Thursday, April 24th. This represents a yield of 2.36%. ME Group International's dividend payout ratio (DPR) is currently 57.45%.

ME Group International Company Profile

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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