Mpac Group (LON:MPAC) Shares Up 7.2%

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

Analysts Set New Price Targets

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

Mpac Group Trading Up 7.2 %

The firm 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. The company has a debt-to-equity ratio of 24.53, a quick ratio of 1.12 and a current ratio of 1.29. The firm has a fifty day moving average of GBX 460 and a 200-day moving average of GBX 469.78.

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.