Macfarlane Group (LON:MACF) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Macfarlane Group PLC (LON:MACF)’s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 71.31 and traded as low as GBX 71.30. Macfarlane Group shares last traded at GBX 72.05, with a volume of 280,329 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “house stock” rating on shares of Macfarlane Group in a report on Wednesday, October 22nd. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Macfarlane Group presently has an average rating of “Buy” and a consensus target price of GBX 120.

Macfarlane Group Stock Performance

The stock has a market capitalization of £112.86 million, a price-to-earnings ratio of 9.56 and a beta of 0.68. The firm has a fifty day moving average of GBX 71.31 and a 200 day moving average of GBX 81.48. The company has a debt-to-equity ratio of 44.58, a current ratio of 1.20 and a quick ratio of 0.79.

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. The Manufacturing Operations segment designs, manufactures, and assembles timber, corrugated, and foam-based packaging materials in the United Kingdom.