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MGP Names New Distilling Solutions Vice President
Globe Newswire (Mon, 6-May 8:30 AM ET)
MGP Ingredients Reports First Quarter 2024 Results
Globe Newswire (Thu, 2-May 7:30 AM ET)
MGP Ingredients Declares $0.12 Quarterly Dividend
Globe Newswire (Thu, 2-May 7:25 AM ET)
Technological Advancements in Breathalyzers Drive Market Growth and Enhance Road Safety
Globe Newswire (Tue, 30-Apr 9:55 AM ET)
Lux Row Distillers' Blood Oath Pact 10 Kentucky Straight Bourbon Whiskey arrives at retail in April
PRNewswire (Tue, 23-Apr 11:00 AM ET)
MGP Ingredients Schedules First Quarter 2024 Conference Call/Webcast for Thursday, May 2
Globe Newswire (Thu, 18-Apr 8:30 AM ET)
Breathalyzer Market Expands with Tech Advances and Stricter Alcohol Laws
Globe Newswire (Tue, 16-Apr 9:30 AM ET)
Lux Row Distillers Introduces Ezra Brooks 99 Port Wine Cask Finish
PRNewswire (Tue, 9-Apr 10:45 AM ET)
MGP Ingredients Announces $100 Million Share Repurchase Program
Globe Newswire (Thu, 29-Feb 8:30 AM ET)
MGP Ingredients Reports Strong Fourth Quarter and Full Year 2023 Results
Globe Newswire (Thu, 22-Feb 7:30 AM ET)
MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP also produces high-quality industrial alcohol for use in both food and non-food applications. It operates in three segments: Distillery Solutions, Branded Spirits Segment, and Ingredient Solutions. Distillery Solutions provides distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil: and warehouse services, including barrel put away, storage, and retrieval services. It derives most of its revenue from the Distillery Solutions segment.
MGP Ingredients trades on the NASDAQ stock market under the symbol MGPI.
As of May 13, 2024, MGPI stock price declined to $82.04 with 139,961 million shares trading.
MGPI has a beta of 0.75, meaning it tends to be less sensitive to market movements. MGPI has a correlation of 0.08 to the broad based SPY ETF.
MGPI has a market cap of $1.81 billion. This is considered a Small Cap stock.
Last quarter MGP Ingredients reported $171 million in Revenue and $1.07 earnings per share. This fell short of revenue expectation by $-3 million and exceeded earnings estimates by $.09.
In the last 3 years, MGPI stock traded as high as $125.74 and as low as $58.41.
The top ETF exchange traded funds that MGPI belongs to (by Net Assets): IJR, VTI, IWM, VXF, SPSM.
MGPI has underperformed the market in the last year with a price return of -16.7% while the SPY ETF gained +27.8%. MGPI has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -3.8% and +1.9%, respectively, while the SPY returned +4.3% and +2.5%, respectively.
MGPI support price is $81.17 and resistance is $84.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MGPI stock will trade within this expected range on the day.