McBride (LON:MCB) Trading Up 13.8% – Time to Buy?

McBride plc (LON:MCB) rose 13.8% during mid-day trading on Friday . The company traded as high as GBX 120 ($1.47) and last traded at GBX 115.50 ($1.41). Approximately 1,784,547 shares were traded during trading, an increase of 487% from the average daily volume of 304,262 shares. The stock had previously closed at GBX 101.50 ($1.24).

McBride Trading Up 17.8 %

The company has a current ratio of 0.92, a quick ratio of 0.54 and a debt-to-equity ratio of 222.08. The company has a market capitalization of £207.51 million, a price-to-earnings ratio of 629.37, a PEG ratio of -0.36 and a beta of 1.17. The firm has a 50-day moving average price of GBX 106.01 and a 200-day moving average price of GBX 117.75.

Insider Buying and Selling

In related news, insider Mark Strickland acquired 9,500 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price of GBX 97 ($1.19) per share, for a total transaction of £9,215 ($11,274.93). Also, insider Christopher Ian Charles Smith sold 145,000 shares of the firm’s stock in a transaction on Monday, November 4th. The stock was sold at an average price of GBX 112 ($1.37), for a total value of £162,400 ($198,703.05). 5.78% of the stock is owned by corporate insiders.

About McBride

McBride plc, together with its subsidiaries, manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Australia, rest of Europe, rest of Asia-Pacific, and internationally. The company operates through five segments: Liquids, Powders, Unit dosing, Aerosols, and Asia Pacific.