PAGEGROUP (OTCMKTS:MPGPF) Shares Gap Up - Here's Why

Key Points

• PAGEGROUP's stock price opened at $3.55 after closing at $3.04, indicating a significant gap up before market opening.
• UBS Group downgraded PAGEGROUP from a "strong-buy" to a "hold" rating, while the stock has an average rating of "Moderate Buy" from analysts.
• The company's share price has increased by 16.8%, with a fifty-day moving average of $3.59 and a 200-day moving average of $3.76.

Shares of PAGEGROUP (OTCMKTS:MPGPF - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $3.04, but opened at $3.55. PAGEGROUP shares last traded at $3.55, with a volume of 857 shares trading hands.

Analyst Ratings Changes

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

PAGEGROUP Price Performance

The stock's 50 day simple moving average is $3.61 and its two-hundred day simple moving average is $3.74.

PAGEGROUP Company Profile

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.