ME Group International (LON:MEGP) Stock Price Down 1.4% – Time to Sell?

Shares of ME Group International plc (LON:MEGP) fell 1.4% on Tuesday . The stock traded as low as GBX 100.60 and last traded at GBX 101. Approximately 999,364 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 2,634,726 shares. The stock had previously closed at GBX 102.40.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 220 price objective on shares of ME Group International in a research note on Friday, March 27th. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 220.

ME Group International Stock Performance

The stock’s 50 day moving average price is GBX 132.65 and its 200 day moving average price is GBX 139.32. The company has a market capitalization of £380.07 million, a P/E ratio of 6.77 and a beta of 0.48.

ME Group International (LON:MEGP) last announced its earnings results on Monday, March 23rd. The company reported GBX 15 earnings per share for the quarter. ME Group International had a net margin of 17.94% and a return on equity of 27.72%. On average, analysts expect that ME Group International plc will post 15.5344418 earnings per share for the current fiscal year.

ME Group International announced that its Board of Directors has approved a share buyback plan on Monday, March 23rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

ME Group International Company Profile

ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 49,000 vending units currently in operation.

The Group operates, sells and services a wide range of instant-service vending equipment across 16 countries in its key regions of Continental Europe, the UK & Republic of Ireland and Asia Pacific. The Group’s services include:

Core activities:
• Photo.ME – Photobooths and integrated biometric identification solutions
• Wash.ME – Unattended laundry services and launderettes

Ancillary activities:
• Print.ME – High-quality digital printing kiosks
• Other vending – Primarily foodservice vending equipment (Feed.ME), Children’s rides (Amuse.ME), Photocopier services (Copy.ME)

The Group has a proven track record of innovation and diversification of its products and services, enabling it to respond to the evolving needs of its customers and consumers.

The Group benefits from well-established partnerships and long-term contracts with major site owners in attractive, high-footfall locations, enabling it to offer multiple products and services onsite.