Mpac Group (LON:MPAC) Shares Down 2% - Here's What Happened

Mpac Group plc (LON:MPAC - Get Free Report)'s share price dropped 2% during trading on Tuesday . The stock traded as low as GBX 490 ($6.21) and last traded at GBX 495 ($6.27). Approximately 60,530 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 71,079 shares. The stock had previously closed at GBX 505 ($6.40).

Wall Street Analyst Weigh In

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

Mpac Group Trading Down 0.8 %

The stock has a market cap of £105.77 million, a PE ratio of 1,637.50, a P/E/G ratio of 2.04 and a beta of 0.37. The firm has a 50-day simple moving average of GBX 482.01 and a 200-day simple moving average of GBX 484.20. The company has a quick ratio of 1.12, a current ratio of 1.29 and a debt-to-equity ratio of 24.53.

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.