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

Macfarlane Group PLC (LON:MACF) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 108.49 ($1.33) and traded as low as GBX 105.95 ($1.30). Macfarlane Group shares last traded at GBX 106.50 ($1.30), with a volume of 296,630 shares trading hands.

Analysts Set New Price Targets

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

Macfarlane Group Trading Up 0.2 %

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 firm has a market capitalization of £170.37 million, a price-to-earnings ratio of 1,186.11 and a beta of 0.68. The business’s 50-day simple moving average is GBX 108.49 and its two-hundred day simple moving average is GBX 114.43.

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.