Pagegroup (OTCMKTS:MPGPF) Shares Gap Up – Here’s Why

Pagegroup (OTCMKTS:MPGPF)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $2.27, but opened at $2.80. Pagegroup shares last traded at $2.80, with a volume of 2,789 shares changing hands.

Analysts Set New Price Targets

Separately, UBS Group upgraded Pagegroup from a “hold” rating to a “strong-buy” rating in a research report on Sunday, August 16th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Pagegroup Price Performance

The company has a quick ratio of 1.47, a current ratio of 1.53 and a debt-to-equity ratio of 0.14. The firm has a 50 day simple moving average of $2.28 and a 200 day simple moving average of $2.26.

About Pagegroup

PageGroup plc is a United Kingdom-based specialist recruitment consultancy that connects employers with candidates across a broad range of professional disciplines. The company provides permanent, temporary and contract recruitment services, as well as executive search, talent advisory and other workforce solutions.

PageGroup operates through well-known brands including Michael Page, Page Executive and Page Personnel. Its services support employers seeking professionals and managers in areas such as accounting and finance, engineering, human resources, information technology, legal, marketing, procurement, property and sales.

The company was founded in London in 1976 as Michael Page International and has since developed an international operating network serving clients and candidates across Europe, the Americas, Asia-Pacific and other global markets.