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CLOSE Mpac Group (MPAC)

Close Mpac Group (MPAC) at 235p

Mpac’s share price has failed to recover from last summer’s shock profit warning.

The automated packing specialist has suffered from the unprecedented global supply chain disruption. Mpac also said that increasing macro-economic uncertainty had impacted both operational efficiencies and the timing of customer order intake.

The shares have continued to languish near lows despite last months positive trading update and this is a red flag.

With this in mind we are going to cut our losses.

LOSS = -55.2%

MPAC Daily Candle Chart