ME Group International (LON:MEGP) Stock Price Down 0.5%

Shares of ME Group International plc (LON:MEGP) dropped 0.5% during mid-day trading on Monday . The company traded as low as GBX 167.60 ($2.12) and last traded at GBX 170.40 ($2.16). Approximately 217,136 shares were traded during trading, a decline of 55% from the average daily volume of 480,158 shares. The stock had previously closed at GBX 171.20 ($2.17).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 200 ($2.53) price objective on shares of ME Group International in a research note on Monday, June 10th.

ME Group International Price Performance

The business has a fifty day moving average of GBX 167.49 and a 200-day moving average of GBX 153.15. The stock has a market cap of £641.49 million, a PE ratio of 1,310.77 and a beta of 1.11.

Insider Activity at ME Group International

In related news, insider Jean-Marc Janailhac acquired 27,000 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were bought at an average price of GBX 157 ($1.99) per share, with a total value of £42,390 ($53,617.51). 37.33% of the stock is currently owned by corporate insiders.

About ME Group International

ME Group International plc operates, sells, and services a range of instant-service equipment in the United Kingdom. The company operates through Asia Pacific, Continental Europe, and United Kingdom and Ireland segments. It operates coin-operated automatic photobooths for identification and fun purposes, as well as vending equipment, including digital photo kiosks, laundry machines, business service equipment, amusement machines, and children's rides.