The Mission Group (LON:TMG) Shares Up 15.6% – Time to Buy?

The Mission Group plc (LON:TMG)’s share price shot up 15.6% during mid-day trading on Monday . The company traded as high as GBX 32 ($0.39) and last traded at GBX 31.50 ($0.38). 153,791 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 676,766 shares. The stock had previously closed at GBX 27.25 ($0.33).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating and set a GBX 55 ($0.67) target price on shares of The Mission Group in a research note on Thursday, January 2nd.

The Mission Group Stock Performance

The firm’s 50 day moving average is GBX 22.81 and its two-hundred day moving average is GBX 22.47. The stock has a market capitalization of £28.16 million, a PE ratio of -238.46 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 news, insider Mark Lund purchased 82,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was bought at an average price of GBX 30 ($0.37) per share, for a total transaction of £24,600 ($30,032.96). 37.00% of the stock is owned by 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.