ME Group International (LON:MEGP) Stock Price Down 0.3% - Time to Sell?

ME Group International plc (LON:MEGP - Get Free Report)'s share price dropped 0.3% during mid-day trading on Friday . The stock traded as low as GBX 182.40 ($2.36) and last traded at GBX 185.20 ($2.39). Approximately 685,633 shares were traded during mid-day trading, a decline of 43% from the average daily volume of 1,200,022 shares. The stock had previously closed at GBX 185.80 ($2.40).

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Canaccord Genuity Group raised their price target on shares of ME Group International from GBX 203 ($2.62) to GBX 235 ($3.04) and gave the company a "buy" rating in a research note on Tuesday, February 25th. Berenberg Bank reaffirmed a "buy" rating and set a GBX 270 ($3.49) target price on shares of ME Group International in a report on Wednesday, December 4th.

ME Group International Price Performance

The firm has a market cap of £714.62 million, a price-to-earnings ratio of 13.50 and a beta of 1.20. The firm's fifty day moving average is GBX 206.85 and its 200-day moving average is GBX 207.02.

ME Group International (LON:MEGP - Get Free Report) last announced its earnings results on Monday, February 24th. The company reported GBX 14.36 ($0.19) EPS for the quarter. ME Group International had a return on equity of 32.52% and a net margin of 17.39%. As a group, equities research analysts anticipate that ME Group International plc will post 15.5344418 EPS for the current year.

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ME Group International Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be issued a GBX 4.45 ($0.06) dividend. This is a boost from ME Group International's previous dividend of $3.45. This represents a dividend yield of 2.36%. The ex-dividend date of this dividend is Thursday, April 24th. ME Group International's dividend payout ratio (DPR) is currently 57.45%.

ME Group International Company Profile

ME Group International plc LSE: MEGP operates, sells and services a wide range of instant-service vending equipment, primarily aimed at the consumer market. The Group operates vending units across 18 countries and its technological innovation is focused on four principal areas: • Photo.ME - Photobooths and integrated biometric identification solutions • Wash.ME - Unattended laundry services and launderettes • Print.ME - High-quality digital printing kiosks • Feed.ME - Vending equipment for the food service market In addition, the Group operates other vending equipment such as children's rides, amusement machines, and business service equipment. Whilst the Group both sells and services this equipment, the majority of units are owned, operated and maintained by the Group.