Mpac Group (LON:MPAC) Trading Down 2% – Here’s What Happened

Mpac Group plc (LON:MPAC) shares dropped 2% during trading on Tuesday . The company traded as low as GBX 490 ($6.21) and last traded at GBX 495 ($6.27). Approximately 60,530 shares were traded during mid-day trading, a decline of 15% from the average daily volume of 71,079 shares. The stock had previously closed at GBX 505 ($6.40).

Wall Street Analysts Forecast Growth

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

Mpac Group Stock Down 2.0 %

The business has a 50 day simple moving average of GBX 480.82 and a 200 day simple moving average of GBX 484.09. 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 stock has a market cap of £106.57 million, a PE ratio of 1,650.00, a P/E/G ratio of 2.04 and a beta of 0.37.

Mpac Group Company Profile

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.