The Mission Group (LON:TMG) Shares Down 8.7% – Should You Sell?

The Mission Group plc (LON:TMG)’s stock price dropped 8.7% on Wednesday . The company traded as low as GBX 24 ($0.31) and last traded at GBX 24.10 ($0.31). Approximately 614,107 shares traded hands during 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).

Wall Street Analyst Weigh In

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

The Mission Group Stock Performance

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 business has a 50 day moving average of GBX 29.01 and a 200 day moving average of GBX 24.34. The company has a market capitalization of £20.68 million, a P/E ratio of -1.72 and a beta of 1.48.

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

Insider Buying and Selling at The Mission Group

In related news, insider Mark Lund acquired 82,000 shares of The Mission Group stock in a transaction on Thursday, January 2nd. The shares were bought at an average cost of GBX 30 ($0.39) per share, with a total value of £24,600 ($31,848.78). 37.00% of the stock is owned by company insiders.

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.