If you are looking for stocks that are well positioned to maintain their recent uptrend, MGP (MGPI) could be a great choice. It is one of the several stocks that passed through our "Recent Price Strength" screen.
MGP (MGPI) delivered earnings and revenue surprises of 76.04% and 10.62%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?
Consolidated sales increased 80.2% from prior year period Operating income increased 144.3% ATCHISON, Kan., May 05, 2022 (GLOBE NEWSWIRE) -- MGP Ingredients, Inc. (Nasdaq:MGPI), a leading provider of distilled spirits, branded spirits, and food ingredient solutions, today reported results for the first quarter ended March 31, 2022. 2022 first quarter consolidated results compared to 2021 first quarter Sales increased 80.2% to $195.2 million, as a result of sales growth in each of the reporting s