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

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

Wall Street Analyst Weigh In

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

Mpac Group Stock Performance

The stock has a market capitalization of £106.57 million, a P/E ratio of 1,650.00, a P/E/G ratio of 2.04 and a beta of 0.37. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 24.53. The stock has a 50 day simple moving average of GBX 480.82 and a two-hundred day simple moving average of GBX 484.09.

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.