Mpac Group (LON:MPAC) Trading Up 4.7% – Still a Buy?

Mpac Group plc (LON:MPAC) traded up 4.7% during mid-day trading on Tuesday . The stock traded as high as GBX 354 and last traded at GBX 353.50. 100,275 shares were traded during mid-day trading, a decline of 20% from the average session volume of 124,785 shares. The stock had previously closed at GBX 337.50.

Mpac Group Price Performance

The company has a 50 day moving average of GBX 325.42 and a 200 day moving average of GBX 316.54. The company has a debt-to-equity ratio of 24.53, a quick ratio of 1.12 and a current ratio of 1.29. The stock has a market capitalization of £106.31 million, a price-to-earnings ratio of -7.86, a PEG ratio of 2.04 and a beta of 0.37.

Insider Buying and Selling

In other Mpac Group news, insider David Squires acquired 6,250 shares of the company’s stock in a transaction dated Thursday, October 23rd. The shares were acquired at an average price of GBX 286 per share, for a total transaction of £17,875. 2.88% of the stock is owned by company insiders.

About Mpac Group

Mpac (AIM: MPAC) is a global leader in engineering and technology, designing, precision engineering, manufacturing, and supporting high-speed packaging equipment and solutions.

Mpac serves 80 countries across four key regions around the world including the Americas, EMEA, and APAC. The Company operates in the attractive growth markets of Food & Beverage, and Healthcare. These targeted markets boast significant growth opportunities.

Through its six core product lines – BCA, Lambert, Langen, Switchback, CSi and SIGA Vision – the Company provides Original Equipment and Services for automated high-speed packaging, from assembly of products through to case packing and palletising.