Macfarlane Group (LON:MACF) Shares Cross Below Fifty Day Moving Average of $125.89

Macfarlane Group PLC (LON:MACF)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 125.89 ($1.59) and traded as low as GBX 115 ($1.45). Macfarlane Group shares last traded at GBX 117 ($1.48), with a volume of 289,079 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Macfarlane Group in a research note on Tuesday, May 7th.

Macfarlane Group Stock Performance

The stock’s fifty day simple moving average is GBX 125.89 and its two-hundred day simple moving average is GBX 127.08. The company has a market cap of £189.13 million, a price-to-earnings ratio of 1,300.00 and a beta of 0.69. The company has a debt-to-equity ratio of 37.83, a quick ratio of 0.79 and a current ratio of 1.19.

Macfarlane Group Company Profile

Macfarlane Group PLC, through its subsidiaries, engages in the design, manufacture, and distribution of protective packaging products to businesses. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials; and supplies storage and warehousing services in the United Kingdom, Ireland, and Europe.