The Mission Group (LON:TMG) Trading Down 8.7% – Here’s What Happened

Shares of The Mission Group plc (LON:TMG) were down 8.7% during mid-day trading on Wednesday . The stock traded as low as GBX 24 ($0.31) and last traded at GBX 24.10 ($0.31). Approximately 614,107 shares traded hands during mid-day trading, an increase of 194% from the average daily volume of 209,087 shares. The stock had previously closed at GBX 26.40 ($0.34).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group raised The Mission Group to a “buy” rating and increased their price target for the company from GBX 55 ($0.71) to GBX 62 ($0.80) in a research note on Tuesday, January 21st.

The Mission Group Trading Down 1.7 %

The company has a market cap of £21.17 million, a PE ratio of -1.76 and a beta of 1.48. The stock’s 50 day moving average is GBX 28.67 and its 200-day moving average is GBX 24.33. The company has a quick ratio of 1.12, a current ratio of 1.06 and a debt-to-equity ratio of 25.92.

The Mission Group (LON:TMG) last announced its quarterly earnings results on Wednesday, March 26th. The company reported GBX 3.80 ($0.05) EPS for the quarter. The Mission Group had a negative net margin of 6.14% and a negative return on equity of 15.85%. As a group, sell-side analysts anticipate that The Mission Group plc will post 6.5925926 EPS for the current year.

Insider Activity

In other news, insider Mark Lund bought 82,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was purchased at an average price of GBX 30 ($0.39) per share, for a total transaction of £24,600 ($31,848.78). Corporate insiders own 37.00% of the company’s stock.

About The Mission Group

MISSION is a collective of Creative and MarTech Agencies led by entrepreneurs who encourage an independent spirit. Employing 1,000 people across 28 locations and 3 continents, the Group successfully combines its diverse expertise to produce Work That Counts TM for our Clients, whatever their ambitions.