Mpac Group plc (LON:MPAC – Get Free Report) traded up 2.6% on Friday . The stock traded as high as GBX 310 and last traded at GBX 300. 201,163 shares traded hands during trading, an increase of 93% from the average daily volume of 104,028 shares. The stock had previously closed at GBX 292.50.
Wall Street Analysts Forecast Growth
Separately, Shore Capital Group reissued a “house stock” rating on shares of Mpac Group in a research report on Monday, June 8th.
View Our Latest Research Report on MPAC
Mpac Group Stock Performance
Mpac Group (LON:MPAC – Get Free Report) last issued its earnings results on Tuesday, April 21st. The company reported GBX 35.90 earnings per share (EPS) for the quarter. Mpac Group had a negative return on equity of 12.67% and a negative net margin of 5.46%.The company had revenue of £174.10 million for the quarter. On average, equities analysts expect that Mpac Group plc will post 43.2789474 EPS for the current year.
Insider Buying and Selling at Mpac Group
In other Mpac Group news, insider Clive Whiley acquired 25,000 shares of Mpac Group stock in a transaction dated Tuesday, June 9th. The stock was purchased at an average cost of GBX 215 per share, for a total transaction of £53,750. Also, insider Simon Kesterton bought 7,000 shares of the firm’s stock in a transaction dated Tuesday, June 9th. The shares were acquired at an average cost of GBX 215 per share, with a total value of £15,050. Insiders bought a total of 46,525 shares of company stock valued at $10,319,300 over the last ninety days. 3.08% of the stock is currently owned by corporate 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.
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