Mpac Group (LON:MPAC) Shares Down 0.3% - Here's Why

Key Points

• Shares of Mpac Group plc decreased by 0.3% to close at GBX 336.50 ($4.57) during recent trading.
• Shore Capital has maintained a "house stock" rating on Mpac Group, indicating continued confidence in the company's performance.
• Insider Adam Holland acquired 3,810 shares at an average price of GBX 263 ($3.57), showing significant insider investment interest.

Shares of Mpac Group plc (LON:MPAC - Get Free Report) traded down 0.3% during trading on Wednesday . The stock traded as low as GBX 335 ($4.55) and last traded at GBX 336.50 ($4.57). 271,937 shares traded hands during mid-day trading, an increase of 116% from the average session volume of 125,991 shares. The stock had previously closed at GBX 337.50 ($4.58).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "house stock" rating on shares of Mpac Group in a research note on Tuesday, July 1st.

Mpac Group Trading Down 0.3%

The business's 50 day moving average price is GBX 358.94 and its two-hundred day moving average price is GBX 413.64. The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 24.53. The company has a market capitalization of £99.37 million, a price-to-earnings ratio of 11.01, a P/E/G ratio of 2.04 and a beta of 0.37.

Insider Transactions at Mpac Group

In other Mpac Group news, insider Adam Holland acquired 3,810 shares of the company's stock in a transaction that occurred on Friday, July 4th. The stock was acquired at an average price of GBX 263 ($3.57) per share, for a total transaction of £10,020.30 ($13,607.14). 32.40% of the stock is currently owned by company insiders.

Mpac Group Company Profile

Mpac Group is a global leader in packaging automation solutions supplying high speed packaging solutions and related support services and systems, primarily to the healthcare, food & beverage and clean energy sectors. The business is focused on the creation of global automated manufacturing solutions that make and package the products millions of people worldwide depend on. Mpac Group is an international company listed on the London Stock Exchange under the ticker MPAC.

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