Macfarlane Group (LON:MACF) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Shares of Macfarlane Group PLC (LON:MACF) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 66.19 and traded as low as GBX 63.68. Macfarlane Group shares last traded at GBX 63.80, with a volume of 59,283 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Macfarlane Group in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, Macfarlane Group currently has an average rating of “Buy” and an average target price of GBX 120.

Macfarlane Group Price Performance

The business’s 50 day moving average price is GBX 66.19 and its 200 day moving average price is GBX 68.89. The stock has a market capitalization of £101.39 million, a P/E ratio of 16.33 and a beta of 0.53. The company has a debt-to-equity ratio of 74.12, a current ratio of 0.98 and a quick ratio of 0.79.

Macfarlane Group (LON:MACF) last announced its quarterly earnings results on Thursday, February 26th. The company reported GBX 3.99 EPS for the quarter. Macfarlane Group had a net margin of 2.10% and a return on equity of 5.20%. Sell-side analysts forecast that Macfarlane Group PLC will post 7.4677529 EPS for the current year.

Insider Activity at Macfarlane Group

In related news, insider Peter Atkinson sold 38,077 shares of the business’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 Laura Whyte sold 18,500 shares of the business’s stock in a transaction that occurred on Monday, March 2nd. The shares were sold at an average price of GBX 71, for a total transaction of £13,135. Over the last three months, insiders have sold 76,257 shares of company stock valued at $1,660,042. Insiders own 2.41% of the company’s stock.

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.