Macfarlane Group (LON:MACF) Reaches New 52-Week Low – Here’s What Happened

Shares of Macfarlane Group PLC (LON:MACF) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 99.60 ($1.27) and last traded at GBX 99.60 ($1.27), with a volume of 401342 shares traded. The stock had previously closed at GBX 103.50 ($1.32).

Wall Street Analyst Weigh In

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

Macfarlane Group Trading Down 3.8 %

The company has a market cap of £157.48 million, a price-to-earnings ratio of 10.68 and a beta of 0.68. The company has a quick ratio of 0.79, a current ratio of 1.20 and a debt-to-equity ratio of 44.58. The business’s fifty day simple moving average is GBX 107.14 and its two-hundred day simple moving average is GBX 110.50.

Macfarlane Group (LON:MACF) last announced its quarterly earnings results on Thursday, February 27th. The company reported GBX 9.76 ($0.12) earnings per share for the quarter. Macfarlane Group had a net margin of 5.47% and a return on equity of 12.67%. On average, equities analysts predict that Macfarlane Group PLC will post 7.4677529 EPS for the current year.

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.