The Mission Group (LON:TMG) Shares Down 8.7% – Here’s Why

Shares of The Mission Group plc (LON:TMG) traded down 8.7% during trading on Wednesday . The company traded as low as GBX 24 ($0.31) and last traded at GBX 24.10 ($0.31). 614,107 shares were traded during trading, an increase of 194% from the average session volume of 209,087 shares. The stock had previously closed at GBX 26.40 ($0.34).

Analyst Ratings Changes

Separately, Canaccord Genuity Group upgraded shares of The Mission Group to a “buy” rating and lifted their price target for the stock from GBX 55 ($0.71) to GBX 62 ($0.80) in a research note on Tuesday, January 21st.

The Mission Group Stock Performance

The business has a 50-day simple moving average of GBX 29.01 and a 200 day simple moving average of GBX 24.34. The company has a debt-to-equity ratio of 25.92, a current ratio of 1.06 and a quick ratio of 1.12. The firm has a market cap of £20.68 million, a PE ratio of -1.72 and a beta of 1.48.

The Mission Group (LON:TMG) last announced its quarterly earnings data on Wednesday, March 26th. The company reported GBX 3.80 ($0.05) earnings per share (EPS) for the quarter. The Mission Group had a negative return on equity of 15.85% and a negative net margin of 6.14%. Equities research analysts forecast that The Mission Group plc will post 6.5925926 EPS for the current year.

Insider Transactions at The Mission Group

In other The Mission Group news, insider Mark Lund acquired 82,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were acquired at an average cost of GBX 30 ($0.39) per share, for a total transaction of £24,600 ($31,848.78). Corporate insiders own 37.00% of the company’s stock.

The Mission Group Company Profile

MISSION is a collective of Creative and MarTech Agencies led by entrepreneurs who encourage an independent spirit. Employing 1,000 people across 28 locations and 3 continents, the Group successfully combines its diverse expertise to produce Work That Counts TM for our Clients, whatever their ambitions.