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Write a short description of Armcor PLC main line of business only. Be sure to include...

Write a short description of Armcor PLC main line of business only. Be sure to include the following details i. The stock’s most recent price, trade date, and trade time. ii. A description of the highest and lowest prices the stock has reached in the past year. iii. The company’s market capitalization, price-earnings (P/E) ratio, and its price-tobook ratio. Describe what each ratio means.

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Answer #1

Armcor PLC is a United Kingdom based company which develops and produces flexible packaging. It is also into business of producing rigid containers and speciality packaging for food, beverage and pharmaceutical industries.

It has two reporting segments one is flexible packaging and other is rigid plastics and it develops and produces packaging for use with snacks and confectionery cheese and yoghurt.

it is listed on the New York stock exchange and last closing price of the share was $10.21 on 28th May 2020

The share is ranging between 52 week low of $5.80 to 52 week high of $11.77.

The overall market capitalisation of the company $15.74 billions.

Price to earning ratio of the company is 25 which is above the market average of 13.0.

The price to book ratio of this company is 2.8987.

Price to earning ratio means that the market price of the company with comparison to to the Earning per share of the company and when the P/E ratio is high, it means that the share is richly valued.

Price to book ratio of the company is the ratio between the market price of the share and the book value of the company so, it reflects how much premium the share is commanding in the market price, with comparison to its book value

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