Macfarlane Group (LON:MACF) Stock Price Down 0.8% – Time to Sell?

Macfarlane Group PLC (LON:MACF) shares traded down 0.8% during trading on Wednesday . The company traded as low as GBX 64.10 and last traded at GBX 64.50. 263,508 shares changed hands during trading, a decline of 26% from the average session volume of 357,665 shares. The stock had previously closed at GBX 65.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Macfarlane Group in a research note on Tuesday, May 12th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Macfarlane Group has a consensus rating of “Buy” and a consensus price target of GBX 120.

Macfarlane Group Stock Up 4.3%

The company has a quick ratio of 0.79, a current ratio of 0.98 and a debt-to-equity ratio of 74.12. The firm has a market cap of £104.76 million, a price-to-earnings ratio of 16.91 and a beta of 0.53. The stock’s 50 day moving average is GBX 66.12 and its 200 day moving average is GBX 68.67.

Insider Buying and Selling

In related news, insider Peter Atkinson sold 38,077 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of GBX 6, for a total transaction of £2,284.62. Also, insider Ivor Gray sold 19,680 shares of the firm’s stock in a transaction that occurred on Wednesday, March 25th. The shares were sold at an average price of GBX 6, for a total transaction of £1,180.80. 2.24% of the stock is owned by company insiders.

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