M.P. Evans Group (LON:MPE) Shares Cross Above 200 Day Moving Average – Should You Sell?

M.P. Evans Group PLC (LON:MPE)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 901.14 ($11.30) and traded as high as GBX 950 ($11.91). M.P. Evans Group shares last traded at GBX 948 ($11.88), with a volume of 15,899 shares trading hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 1,250 ($15.67) target price on shares of M.P. Evans Group in a research note on Wednesday, September 18th.

M.P. Evans Group Trading Down 0.2 %

The firm has a market capitalization of £500.54 million, a price-to-earnings ratio of 1,008.51 and a beta of 0.69. The business’s fifty day moving average is GBX 952.46 and its 200 day moving average is GBX 901.14. The company has a quick ratio of 1.91, a current ratio of 1.70 and a debt-to-equity ratio of 8.72.

Insiders Place Their Bets

In other news, insider K Chandra Sekaran sold 3,980 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of GBX 940 ($11.78), for a total transaction of £37,412 ($46,899.84). In the last 90 days, insiders sold 8,850 shares of company stock worth $8,238,000. Corporate insiders own 48.63% of the company’s stock.

M.P. Evans Group Company Profile

M.P. Evans Group PLC is a responsible producer of certified sustainable crude palm oil (“CPO”), with plantations in five Indonesian provinces: Aceh, Bangka Belitung, East Kalimantan, North Sumatra and South Sumatra.

Headquartered in the UK, the Group’s shares are traded on the London Stock Exchange’s Alternative Investment Market (“AIM”).