Ranpak Holdings Corp. (NYSE:PACK – Get Rating) Director Alicia M. Tranen bought 10,000 shares of Ranpak stock in a transaction that occurred on Thursday, November 17th. The stock was purchased at an average cost of $5.63 per share, for a total transaction of $56,300.00. Following the purchase, the director now owns 40,000 shares of the company’s stock, valued at $225,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Ranpak Price Performance
Shares of NYSE PACK opened at $5.27 on Monday. Ranpak Holdings Corp. has a fifty-two week low of $2.90 and a fifty-two week high of $42.81. The company has a 50 day simple moving average of $4.22 and a two-hundred day simple moving average of $6.66. The company has a market capitalization of $432.18 million, a price-to-earnings ratio of -11.71 and a beta of 1.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.85 and a current ratio of 3.54.
Analysts Set New Price Targets
Separately, The Goldman Sachs Group cut their price target on shares of Ranpak from $6.00 to $5.25 and set a “neutral” rating for the company in a research report on Tuesday, October 18th.
Institutional Investors Weigh In On Ranpak
Ranpak Company Profile
Ranpak Holdings Corp., together with its subsidiaries, provide product protection solutions for e-commerce and industrial supply chains in North America, Europe, and Asia. The company offers protective packaging solutions, such as void-fill protective systems that convert paper to fill empty spaces in secondary packages and protect objects under the FillPak brand; cushioning protective systems, which convert paper into cushioning pads under the PadPak brand; and wrapping protective systems that create pads or paper mesh to wrap and protect fragile items, as well as to line boxes and provide separation when shipping various objects under the WrapPak, Geami, and ReadyRoll brands.
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