Macfarlane Group (LON:MACF) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Macfarlane Group PLC (LON:MACF) 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 changing hands.

Analyst Upgrades and Downgrades

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

Macfarlane Group Stock Up 1.4%

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 has a 50-day simple moving average of GBX 71.36 and a two-hundred day simple moving average of GBX 81.15. The stock has a market capitalization of £114.42 million, a P/E ratio of 9.69 and a beta of 0.68.

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.