MGP Ingredients Inc. (NASDAQ:MGPI): A Fundamentally Weighted Stock for Long-Term Investors

MGP Ingredients Inc. (NASDAQ:MGPI) shares fell to a low of $64.76 before closing at $66.10. Intraday shares traded counted 97614.0, which was -5.85% lower than its 30-day average trading volume of 92.22K. MGPI’s previous close was $66.31 while the outstanding shares total 16.92M. The firm has a beta of 1.49, a 12-month trailing P/E ratio of 27.10, and a growth ratio of 1.81. The stock’s Relative Strength Index (RSI) is 77.12, with weekly volatility at 4.14% and ATR at 2.80. The MGPI stock’s 52-week price range has touched low of $21.64 and a $69.29 high. The stock traded lower over the last trading session, losing -0.32% on 02/11/21.

Investors have identified the Packaged Foods company MGP Ingredients Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.09 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.

MGP Ingredients Inc. (MGPI) Fundamentals that are to be considered.

When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For MGPI, the company has in raw cash 19.97 million on their books with 0.41 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 221.08 million total, with 44.41 million as their total liabilities.

Having a look at the company’s valuation, the company is expected to record 2.75 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on MGPI sounds very interesting.

Is the stock of MGPI attractive?

In related news, Director, Seaberg Karen sold 10,411 shares of the company’s stock in a transaction that recorded on Feb 02. The sale was performed at an average price of 59.80, for a total value of 622,600. As the sale deal closes, the Director, Mingus Lori L.S. now sold 6,187 shares of the company’s stock, valued at 369,996. Also, Director, Seaberg Karen sold 10,000 shares of the company’s stock in a deal that was recorded on Feb 01. The shares were price at an average price of 57.74 per share, with a total market value of 577,391. Following this completion of acquisition, the Director, Mingus Lori L.S. now holds 853 shares of the company’s stock, valued at 44,996. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.30%.

4 out of 5 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on MGP Ingredients Inc.. 0 analysts has assigned a Sell rating on the MGPI stock. The 12-month mean consensus price target for the company’s shares has been set at $56.00.

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