ME Group International (LON:MEGP) Issues Quarterly Earnings Results

ME Group International (LON:MEGP) posted its earnings results on Monday. The company reported GBX 14.36 ($0.18) EPS for the quarter, Digital Look Earnings reports. ME Group International had a return on equity of 32.52% and a net margin of 17.39%.

ME Group International Trading Up 1.4 %

Shares of MEGP stock traded up GBX 3 ($0.04) during trading hours on Wednesday, hitting GBX 221 ($2.80). 153,210 shares of the company’s stock were exchanged, compared to its average volume of 625,932. ME Group International has a 12-month low of GBX 155.20 ($1.97) and a 12-month high of GBX 235.50 ($2.98). The company has a market capitalization of £840.06 million, a PE ratio of 15.87 and a beta of 1.20. The business’s 50 day simple moving average is GBX 210.71 and its 200-day simple moving average is GBX 206.42.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Canaccord Genuity Group upped their price objective on shares of ME Group International from GBX 203 ($2.57) to GBX 235 ($2.98) and gave the stock a “buy” rating in a research report on Tuesday. Berenberg Bank reaffirmed a “buy” rating and set a GBX 270 ($3.42) price objective on shares of ME Group International in a report on Wednesday, December 4th.

About ME Group International

ME Group International plc (LSE: MEGP) operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market.

The Group operates vending units across 18 countries and its technological innovation is focused on four principal areas:

• Photo.ME – Photobooths and integrated biometric
identification solutions
• Wash.ME – Unattended laundry services and launderettes
• Print.ME – High-quality digital printing kiosks
• Feed.ME – Vending equipment for the food service market

In addition, the Group operates other vending equipment such as children’s rides, amusement machines, and business service equipment.

Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by the Group.