Mpac Group (LON:MPAC) Trading Up 5.7% – Here’s Why

Mpac Group plc (LON:MPAC) was up 5.7% during trading on Tuesday . The company traded as high as GBX 540 ($6.95) and last traded at GBX 539.20 ($6.94). Approximately 168,744 shares were traded during mid-day trading, an increase of 137% from the average daily volume of 71,246 shares. The stock had previously closed at GBX 510 ($6.56).

Wall Street Analysts Forecast Growth

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

Mpac Group Stock Down 1.9 %

The stock has a fifty day moving average of GBX 464.09 and a 200 day moving average of GBX 478.84. The firm has a market capitalization of £119.49 million, a P/E ratio of 1,854.80, a price-to-earnings-growth ratio of 2.04 and a beta of 0.37. The company has a debt-to-equity ratio of 24.53, a current ratio of 1.29 and a quick ratio of 1.12.

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.