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

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 traded.

Analyst Ratings Changes

Separately, Shore Capital reissued 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 data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 120.

Macfarlane Group Price Performance

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 stock has a market cap of £112.86 million, a P/E ratio of 9.56 and a beta of 0.68. The business’s 50-day simple moving average is GBX 71.31 and its two-hundred day simple moving average is GBX 81.48.

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.