M.P. Evans Group (LON:MPE) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

M.P. Evans Group PLC (LON:MPE) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 906.71 ($11.35) and traded as high as GBX 1,000 ($12.51). M.P. Evans Group shares last traded at GBX 994 ($12.44), with a volume of 14,940 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 1,250 ($15.64) price target on shares of M.P. Evans Group in a report on Wednesday, September 18th.

M.P. Evans Group Price Performance

The firm has a market cap of £524.83 million, a price-to-earnings ratio of 1,057.45 and a beta of 0.69. The business’s 50-day moving average price is GBX 956.69 and its two-hundred day moving average price is GBX 906.71. The company has a debt-to-equity ratio of 8.72, a current ratio of 1.70 and a quick ratio of 1.91.

Insiders Place Their Bets

In related news, insider K Chandra Sekaran sold 3,980 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of GBX 940 ($11.76), for a total transaction of £37,412 ($46,811.81). Insiders sold a total of 8,850 shares of company stock valued at $8,238,000 in the last ninety days. Corporate insiders own 48.63% of the company’s stock.

About M.P. Evans Group

M.P. Evans Group PLC is a responsible producer of certified sustainable crude palm oil (“CPO”), with plantations in five Indonesian provinces: Aceh, Bangka Belitung, East Kalimantan, North Sumatra and South Sumatra.

Headquartered in the UK, the Group’s shares are traded on the London Stock Exchange’s Alternative Investment Market (“AIM”).