ME Group International (LON:MEGP) Announces Earnings Results

ME Group International (LON:MEGP) issued its earnings results on Monday. The company reported GBX 14.36 ($0.18) earnings per share for the quarter, Digital Look Earnings reports. ME Group International had a return on equity of 32.52% and a net margin of 17.39%.

ME Group International Stock Performance

Shares of LON:MEGP opened at GBX 215.50 ($2.73) on Monday. ME Group International has a fifty-two week low of GBX 154.60 ($1.96) and a fifty-two week high of GBX 235.50 ($2.98). The firm has a market cap of £819.16 million, a price-to-earnings ratio of 15.47 and a beta of 1.20. The business has a 50-day simple moving average of GBX 210.64 and a two-hundred day simple moving average of GBX 206.24.

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 270 ($3.42) target price on shares of ME Group International in a research report on Wednesday, December 4th.

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.