M&G (LON:MNG) Stock Price Up 0.5% - Time to Buy?

M&G plc (LON:MNG - Get Free Report)'s share price shot up 0.5% during mid-day trading on Wednesday . The stock traded as high as GBX 257.90 ($3.50) and last traded at GBX 257.40 ($3.50). 4,139,268 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 20,892,301 shares. The stock had previously closed at GBX 256.10 ($3.48).

M&G Price Performance

The company has a 50 day moving average price of GBX 238.01 and a 200-day moving average price of GBX 215.22. The company has a quick ratio of 0.39, a current ratio of 0.40 and a debt-to-equity ratio of 218.70. The company has a market cap of £6.14 billion, a price-to-earnings ratio of 36.75, a P/E/G ratio of -2.76 and a beta of 1.47.

Insider Activity

In other M&G news, insider Clive Adamson purchased 600 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average cost of GBX 237 ($3.22) per share, for a total transaction of £1,422 ($1,931.80). Insiders own 1.75% of the company's stock.

About M&G

M&G plc is a leading savings and investments business, managing investments for both individuals and for large institutional investors, such as pension funds, around the world. We have a single corporate identity, M&G plc, and two customer-facing brands: Prudential and M&G Investments. Prudential offers savings and insurance for customers in the UK and Europe and for asset management in South Africa.