Macfarlane Group (LON:MACF) Stock Passes Below 50-Day Moving Average – What’s Next?

Macfarlane Group PLC (LON:MACF) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 108.49 ($1.32) and traded as low as GBX 105.95 ($1.29). Macfarlane Group shares last traded at GBX 106.50 ($1.30), with a volume of 296,630 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital restated a “house stock” rating on shares of Macfarlane Group in a research note on Friday, November 29th.

Macfarlane Group Stock Performance

The company’s 50 day simple moving average is GBX 108.36 and its 200 day simple moving average is GBX 114.29. The company has a debt-to-equity ratio of 44.58, a quick ratio of 0.79 and a current ratio of 1.20. The stock has a market cap of £169.97 million, a PE ratio of 1,183.33 and a beta of 0.68.

Macfarlane Group Company Profile

Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses in the United Kingdom and Europe. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials in the United Kingdom, Ireland, and Europe.