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

M&G plc (LON:MNG - Get Free Report) was up 0.5% on Wednesday . The company traded as high as GBX 257.90 ($3.50) and last traded at GBX 257.40 ($3.50). Approximately 4,139,268 shares were traded during trading, a decline of 80% from the average daily volume of 20,892,301 shares. The stock had previously closed at GBX 256.10 ($3.48).

M&G Price Performance

The stock has a 50-day simple moving average of GBX 239.02 and a two-hundred day simple moving average of GBX 215.66. 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 firm has a market cap of £6.14 billion, a PE ratio of 36.75, a P/E/G ratio of -2.76 and a beta of 1.47.

Insider Activity at M&G

In related news, insider Clive Adamson acquired 600 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were purchased at an average price of GBX 237 ($3.22) per share, for a total transaction of £1,422 ($1,931.80). Corporate insiders own 1.75% of the company's stock.

M&G Company Profile

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.