Mpac Group (LON:MPAC) Trading Up 5.7% – Time to Buy?

Mpac Group plc (LON:MPAC)’s share price shot up 5.7% during trading on Tuesday . The stock traded as high as GBX 540 ($6.95) and last traded at GBX 539.20 ($6.94). 168,744 shares traded hands during trading, an increase of 137% from the average session volume of 71,246 shares. The stock had previously closed at GBX 510 ($6.56).

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Mpac Group in a research report on Tuesday, September 10th.

Mpac Group Stock Performance

The company has a 50-day moving average of GBX 464.09 and a 200 day moving average of GBX 478.84. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 24.53. The firm has a market capitalization of £119.49 million, a PE ratio of 1,854.80, a PEG ratio of 2.04 and a beta of 0.37.

About Mpac Group

Mpac Group plc, together with its subsidiaries, provides packaging and automation solutions to healthcare, clean energy, and food and beverage sectors worldwide. It operates through Original Equipment and Service segments. The company designs, develops, manufactures, and engineers packaging solutions; offers automation and secondary packaging equipment, end-of-line robotic with integrated testing solutions, and at line instrumentation solutions; and designs and integrates packaging systems.