Mpac Group (LON:MPAC) Stock Price Down 0.7% - Here's Why

Key Points

• Mpac Group's stock price fell by 0.7%, trading at GBX 288 ($3.87), with a significant decline in trading volume.
• Insider Adam Holland acquired 3,810 shares at an average cost of GBX 263 each, indicating confidence in the company's future prospects.
• The company has a market capitalization of £86.61 million, and its current price-to-earnings ratio stands at an unusually high 4,800.00.

Mpac Group plc (LON:MPAC - Get Free Report)'s stock price traded down 0.7% during trading on Wednesday . The company traded as low as GBX 285 ($3.83) and last traded at GBX 288 ($3.87). 75,036 shares changed hands during mid-day trading, a decline of 37% from the average session volume of 119,563 shares. The stock had previously closed at GBX 290 ($3.90).

Wall Street Analyst Weigh In

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

Mpac Group Price Performance

The company's fifty day moving average is GBX 318.37 and its two-hundred day moving average is GBX 389.92. The firm has a market capitalization of £86.61 million, a price-to-earnings ratio of 4,800.00, a price-to-earnings-growth ratio of 2.04 and a beta of 0.37. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 24.53.

Insiders Place Their Bets

In other Mpac Group news, insider Adam Holland acquired 3,810 shares of the business's stock in a transaction that occurred on Friday, July 4th. The shares were acquired at an average cost of GBX 263 per share, for a total transaction of £10,020.30. 2.76% of the stock is owned by corporate 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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