Pagegroup (OTCMKTS:MPGPF) Hits New 12-Month Low - What's Next?

Key Points

• Pagegroup's stock price reached a new 12-month low at $3.04, down from its previous close of $3.76, marking a decline of 19.1%.
• UBS Group downgraded Pagegroup from a "strong-buy" to a "hold" rating, reflecting a cautious outlook among analysts.
• The company currently has an average rating of "Moderate Buy", with one analyst rating it as a Strong Buy and two as Hold.

Pagegroup (OTCMKTS:MPGPF - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $3.04 and last traded at $3.04, with a volume of 3724 shares trading hands. The stock had previously closed at $3.76.

Analysts Set New Price Targets

Separately, UBS Group lowered Pagegroup from a "strong-buy" rating to a "hold" rating in a report on Friday, June 20th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy".

Pagegroup Stock Down 19.1%

The business has a 50 day simple moving average of $3.62 and a 200-day simple moving average of $3.80.

About Pagegroup

PageGroup plc, together with its subsidiaries, provides recruitment consultancy and other ancillary services in the United Kingdom, rest of Europe, the Middle East, Africa, the Asia Pacific, and the Americas. It offers executive search services, such as search, selection, and talent management solutions for organizations on a permanent and interim basis under the Page Executive brand; and recruitment services for qualified professional and management level on permanent, temporary, and contract or interim basis under the Michael Page brand.

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