M.P. Evans Group (LON:MPE) Reaches New 52-Week High – Here’s What Happened

M.P. Evans Group PLC (LON:MPE)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as GBX 1,550 and last traded at GBX 1,543.66, with a volume of 41246 shares. The stock had previously closed at GBX 1,510.

M.P. Evans Group Price Performance

The firm has a fifty day simple moving average of GBX 1,376.06 and a 200 day simple moving average of GBX 1,320.13. The company has a market capitalization of £800.90 million, a PE ratio of 7.62 and a beta of 0.30. The company has a debt-to-equity ratio of 3.80, a quick ratio of 1.91 and a current ratio of 3.43.

Insider Activity

In other news, insider Matthew Coulson sold 9,330 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of GBX 1,232, for a total transaction of £114,945.60. Insiders own 8.70% of the company’s stock.

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.