ME Group International (LON:MEGP) to Repurchase 0 Shares

ME Group International (LON:MEGP) announced that its board has authorized a stock repurchase program on Monday, March 23rd, RTT News reports. The company plans to repurchase 0 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

ME Group International Stock Performance

Shares of MEGP stock opened at GBX 136.60 on Tuesday. The firm has a market cap of £515.97 million, a P/E ratio of 9.08 and a beta of 1.20. ME Group International has a fifty-two week low of GBX 112.20 and a fifty-two week high of GBX 237.50. The business’s 50 day moving average price is GBX 138.20 and its 200-day moving average price is GBX 159.70.

ME Group International (LON:MEGP) last posted its earnings results on Monday, March 23rd. The company reported GBX 15 earnings per share (EPS) for the quarter. ME Group International had a return on equity of 30.42% and a net margin of 18.33%. As a group, equities analysts predict that ME Group International will post 15.5344418 EPS for the current year.

About ME Group International

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ME Group International plc (LSE: MEGP) is an international market leader in automated self-service equipment aimed at the consumer market, with over 48,000 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.