ME Group International (LON:MEGP) Trading 4.1% Higher – Time to Buy?

ME Group International plc (LON:MEGP)’s stock price shot up 4.1% during mid-day trading on Monday . The company traded as high as GBX 187.60 ($2.47) and last traded at GBX 185.80 ($2.45). 614,610 shares were traded during mid-day trading, a decline of 44% from the average session volume of 1,094,703 shares. The stock had previously closed at GBX 178.40 ($2.35).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group upped their price target on shares of ME Group International from GBX 203 ($2.68) to GBX 235 ($3.10) and gave the company a “buy” rating in a report on Tuesday, February 25th.

ME Group International Trading Up 4.1 %

The stock has a market cap of £706.26 million, a price-to-earnings ratio of 13.34 and a beta of 1.20. The firm has a fifty day simple moving average of GBX 198.94 and a 200 day simple moving average of GBX 206.16.

ME Group International (LON:MEGP) last released its quarterly earnings data on Monday, February 24th. The company reported GBX 14.36 ($0.19) earnings per share for the quarter. ME Group International had a return on equity of 32.52% and a net margin of 17.39%. On average, equities analysts expect that ME Group International plc will post 15.5344418 earnings per share for the current year.

ME Group International Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be given a GBX 4.45 ($0.06) dividend. The ex-dividend date is Thursday, April 24th. This is a positive change from ME Group International’s previous dividend of $3.45. This represents a yield of 2.36%. ME Group International’s payout ratio is 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.