The Mission Group (LON:TMG) Stock Price Up 19.4% – Time to Buy?

The Mission Group plc (LON:TMG) was up 19.4% during trading on Thursday . The stock traded as high as GBX 29.50 ($0.37) and last traded at GBX 28.65 ($0.36). Approximately 109,052 shares changed hands during mid-day trading, a decline of 21% from the average daily volume of 138,793 shares. The stock had previously closed at GBX 24 ($0.30).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 55 ($0.68) price objective on shares of The Mission Group in a report on Thursday.

The Mission Group Stock Performance

The company has a 50 day simple moving average of GBX 21.54 and a 200 day simple moving average of GBX 22.09. The company has a market capitalization of £24.53 million, a PE ratio of -207.69 and a beta of 1.48. The company has a debt-to-equity ratio of 45.49, a quick ratio of 1.12 and a current ratio of 1.07.

Insider Buying and Selling

In other The Mission Group news, insider Mark Lund purchased 82,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were purchased at an average cost of GBX 30 ($0.37) per share, with a total value of £24,600 ($30,559.01). 37.00% of the stock is owned by company insiders.

The Mission Group Company Profile

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.