Mpac Group (LON:MPAC) Trading Up 4.8% – Time to Buy?

Mpac Group plc (LON:MPAC) shares were up 4.8% during trading on Tuesday . The company traded as high as GBX 279 and last traded at GBX 272.50. Approximately 95,802 shares were traded during trading, an increase of 33% from the average daily volume of 72,090 shares. The stock had previously closed at GBX 260.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a “house stock” rating on shares of Mpac Group in a research note on Tuesday, April 21st.

Mpac Group Stock Up 4.8%

The firm has a market cap of £81.95 million, a P/E ratio of -8.57, a price-to-earnings-growth ratio of 2.04 and a beta of 0.45. The firm’s 50 day moving average is GBX 250 and its two-hundred day moving average is GBX 303.15. The company has a current ratio of 0.73, a quick ratio of 1.12 and a debt-to-equity ratio of 90.97.

Mpac Group (LON:MPAC) last issued its earnings results on Tuesday, April 21st. The company reported GBX 35.90 EPS for the quarter. The firm had revenue of £174.10 million during the quarter. Mpac Group had a negative net margin of 5.46% and a negative return on equity of 12.67%. As a group, research analysts anticipate that Mpac Group plc will post 43.2789474 EPS for the current fiscal year.

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.