Mpac Group (LON:MPAC) Shares Up 2% – Should You Buy?

Shares of Mpac Group plc (LON:MPAC) rose 2% during trading on Wednesday . The company traded as high as GBX 530 ($6.45) and last traded at GBX 518 ($6.30). Approximately 94,373 shares traded hands during mid-day trading, an increase of 38% from the average daily volume of 68,592 shares. The stock had previously closed at GBX 508 ($6.18).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “house stock” rating on shares of Mpac Group in a research note on Thursday.

Mpac Group Trading Up 2.7 %

The company has a debt-to-equity ratio of 24.53, a current ratio of 1.29 and a quick ratio of 1.12. The business has a 50-day simple moving average of GBX 518.10 and a two-hundred day simple moving average of GBX 487.11. The stock has a market cap of £121.21 million, a price-to-earnings ratio of 1,876.67, a P/E/G ratio of 2.04 and a beta of 0.37.

Mpac Group Company Profile

Mpac Group is a global leader in packaging automation solutions supplying high speed packaging solutions and related support services and systems, primarily to the healthcare, food & beverage and clean energy sectors.

The business is focused on the creation of global automated manufacturing solutions that make and package the products millions of people worldwide depend on.

Mpac Group is an international company listed on the London Stock Exchange under the ticker MPAC.