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Stock impact report

Why MGP Ingredients (MGPI) Stock Is Up Today [Yahoo! Finance]

MGP Ingredients, Inc. (MGPI) 
Last mgp ingredients, inc. earnings: 4/30 07:30 am Check Earnings Report
US:NASDAQ Investor Relations: ir.mgpingredients.com
Company Research Source: Yahoo! Finance
However, sales declined by 15% (otherwise flat) in absolute terms due to the closure of the Atchison distillery. The closure is anticipated to be a headwind to growth and was baked into the full-year revenue guidance, which came in below expectations. However, it maintained full-year EPS guidance, which is in line with expectations. Overall, it was a decent quarter for the company showing that the business is staying on track. Is now the time to buy MGP Ingredients? Access our full analysis report here, it's free What is the market telling us: MGP Ingredients's shares are not very volatile than the market average and over the last year have had only 7 moves greater than 5%. In context of that, today's move is indicating the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 2 months ago, when the company dropped 17.4% on the news that th Show less Read more
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