ME Group International (LON:MEGP) Trading Down 25.2% – What’s Next?

ME Group International plc (LON:MEGP)’s share price was down 25.2% during mid-day trading on Monday . The company traded as low as GBX 106 and last traded at GBX 109.96. Approximately 7,027,867 shares were traded during mid-day trading, an increase of 207% from the average daily volume of 2,289,160 shares. The stock had previously closed at GBX 147.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 220 target price on shares of ME Group International in a research report on Friday, March 27th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of GBX 248.33.

ME Group International Stock Performance

The stock has a 50-day moving average of GBX 143.08 and a 200-day moving average of GBX 145.47. The firm has a market cap of £413.89 million, a price-to-earnings ratio of 7.37 and a beta of 0.48.

ME Group International (LON:MEGP) last announced its earnings results on Monday, March 23rd. The company reported GBX 15 earnings per share (EPS) for the quarter. ME Group International had a return on equity of 27.72% and a net margin of 17.94%. Sell-side analysts predict that ME Group International plc will post 15.5344418 EPS for the current fiscal year.

ME Group International declared that its board has authorized a stock buyback program on Monday, March 23rd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

About ME Group International

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 49,000 vending units currently in operation.

The Group operates, sells and services a wide range of instant-service vending equipment across 16 countries in its key regions of Continental Europe, the UK & Republic of Ireland and Asia Pacific. The Group’s services include:

Core activities:
• Photo.ME – Photobooths and integrated biometric identification solutions
• Wash.ME – Unattended laundry services and launderettes

Ancillary activities:
• Print.ME – High-quality digital printing kiosks
• Other vending – Primarily foodservice vending equipment (Feed.ME), Children’s rides (Amuse.ME), Photocopier services (Copy.ME)

The Group has a proven track record of innovation and diversification of its products and services, enabling it to respond to the evolving needs of its customers and consumers.

The Group benefits from well-established partnerships and long-term contracts with major site owners in attractive, high-footfall locations, enabling it to offer multiple products and services onsite.