UP Global Sourcing (LON:UPGS) Shares Down 4.1%

Shares of UP Global Sourcing Holdings plc (LON:UPGS – Get Free Report) fell 4.1% on Friday . The company traded as low as GBX 116.50 ($1.44) and last traded at GBX 116.50 ($1.44). 72,641 shares changed hands during mid-day trading, an increase of 0% from the average session volume of 72,521 shares. The stock had previously closed at GBX 121.50 ($1.51).

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Shore Capital reaffirmed a “house stock” rating on shares of UP Global Sourcing in a research note on Tuesday, August 15th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 200 ($2.48) price target on shares of UP Global Sourcing in a report on Thursday, June 15th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 200 ($2.48) price target on shares of UP Global Sourcing in a research report on Thursday, June 15th.

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UP Global Sourcing Price Performance

The company’s 50-day moving average is GBX 125.84 and its 200-day moving average is GBX 130.91. The firm has a market capitalization of £104.05 million, a price-to-earnings ratio of 832.14 and a beta of 1.62. The company has a debt-to-equity ratio of 61.87, a current ratio of 1.44 and a quick ratio of 0.72.

Insider Buying and Selling at UP Global Sourcing

In other news, insider Chris Dent bought 3,855 shares of UP Global Sourcing stock in a transaction that occurred on Wednesday, July 19th. The shares were purchased at an average price of GBX 130 ($1.61) per share, for a total transaction of £5,011.50 ($6,207.73). 52.46% of the stock is owned by company insiders.

About UP Global Sourcing

(Get Free Report)

UP Global Sourcing Holdings plc, together with its subsidiaries, supplies branded homeware products in the United Kingdom and internationally. The company offers a range of durable household products, including vacuum cleaners, food prep, storage solutions, and airers, as well as fans, heaters, and electric fires under the Beldray Brand; kitchenware products under the Salter brand; audio products under the Intempo brand; non-electrical kitchen and laundry products under the Russell Hobbs brand; and travel luggage and accessories under constellation and ZFrame brand.

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