Macfarlane Group PLC (LON:MACF – Get Rating) passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 106.87 ($1.30) and traded as low as GBX 102.50 ($1.25). Macfarlane Group shares last traded at GBX 102.50 ($1.25), with a volume of 127,654 shares changing hands.
Wall Street Analyst Weigh In
Separately, Shore Capital reaffirmed a “house stock” rating on shares of Macfarlane Group in a research report on Monday, March 6th.
Macfarlane Group Price Performance
The stock’s 50-day simple moving average is GBX 106.87 and its 200 day simple moving average is GBX 102.40. The company has a quick ratio of 0.79, a current ratio of 1.22 and a debt-to-equity ratio of 41.23. The company has a market cap of £162.30 million, a price-to-earnings ratio of 1,025.00 and a beta of 0.86.
Macfarlane Group Increases Dividend
About Macfarlane Group
Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials; and supplies storage and warehousing services in the United Kingdom, Ireland, and Europe.
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