Macfarlane Group (LON:MACF) Shares Cross Below Fifty Day Moving Average – Here’s Why

Macfarlane Group PLC (LON:MACF)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 108.08 ($1.34) and traded as low as GBX 106 ($1.31). Macfarlane Group shares last traded at GBX 106.50 ($1.32), with a volume of 153,326 shares trading hands.

Analysts Set New Price Targets

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

Macfarlane Group Stock Performance

The stock has a market cap of £171.57 million, a price-to-earnings ratio of 1,194.44 and a beta of 0.68. The firm’s 50-day moving average is GBX 108.18 and its two-hundred day moving average is GBX 112.84. The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 44.58.

About Macfarlane Group

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.