Mpac Group (LON:MPAC) Trading Up 7.2%

Mpac Group plc (LON:MPAC) shares shot up 7.2% during mid-day trading on Tuesday . The company traded as high as GBX 455 ($6.09) and last traded at GBX 445 ($5.95). 248,865 shares were traded during mid-day trading, an increase of 274% from the average session volume of 66,618 shares. The stock had previously closed at GBX 415 ($5.55).

Wall Street Analysts Forecast Growth

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

Mpac Group Price Performance

The company has a current ratio of 1.29, a quick ratio of 1.12 and a debt-to-equity ratio of 24.53. The company’s 50-day moving average price is GBX 460 and its two-hundred day moving average price is GBX 469.78. The company has a market cap of £95.81 million, a P/E ratio of 1,483.33, a P/E/G 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.