M.P. Evans Group (LON:MPE) Shares Pass Above 200-Day Moving Average - Here's What Happened

M.P. Evans Group PLC (LON:MPE - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 901.14 ($11.30) and traded as high as GBX 950 ($11.92). M.P. Evans Group shares last traded at GBX 948 ($11.89), with a volume of 15,899 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group restated a "buy" rating and issued a GBX 1,250 ($15.68) price objective on shares of M.P. Evans Group in a report on Wednesday, September 18th.

M.P. Evans Group Price Performance

The stock has a market cap of £500.54 million, a PE ratio of 1,008.51 and a beta of 0.69. The firm's 50-day moving average price is GBX 952.86 and its two-hundred day moving average price is GBX 901.80. The company has a current ratio of 1.70, a quick ratio of 1.91 and a debt-to-equity ratio of 8.72.

Insider Buying and Selling

In related news, insider K Chandra Sekaran sold 4,050 shares of the company's stock in a transaction on Monday, November 11th. The stock was sold at an average price of GBX 920 ($11.54), for a total value of £37,260 ($46,732.72). Insiders have sold a total of 8,850 shares of company stock worth $8,238,000 in the last ninety days. 48.63% of the stock is owned by insiders.

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”).