M.P. Evans Group (LON:MPE) Stock Passes Above 200 Day Moving Average – Here’s Why

M.P. Evans Group PLC (LON:MPE)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,318.84 and traded as high as GBX 1,510. M.P. Evans Group shares last traded at GBX 1,500, with a volume of 47,099 shares.

M.P. Evans Group Stock Up 0.7%

The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.91 and a current ratio of 3.43. The company has a market capitalization of £782.64 million, a price-to-earnings ratio of 7.44 and a beta of 0.30. The stock’s fifty day simple moving average is GBX 1,370.16 and its two-hundred day simple moving average is GBX 1,318.84.

Insider Activity at M.P. Evans Group

In related news, insider Matthew Coulson sold 8,450 shares of the business’s stock in a transaction that occurred on Thursday, January 22nd. The shares were sold at an average price of GBX 1,239, for a total value of £104,695.50. 8.70% of the stock is owned by insiders.

About M.P. Evans Group

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”).

The Group was founded by Matthew Pennefather Evans in the 1870s and its long history in tropical agriculture includes experience in tea and rubber plantations.