Macfarlane Group (LON:MACF) Stock Passes Below Fifty Day Moving Average of $120.24

Shares of Macfarlane Group PLC (LON:MACF) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 120.24 ($1.59) and traded as low as GBX 110 ($1.45). Macfarlane Group shares last traded at GBX 111.50 ($1.47), with a volume of 126,390 shares.

Wall Street Analyst Weigh In

MACF has been the topic of several analyst reports. Shore Capital reiterated a “house stock” rating on shares of Macfarlane Group in a report on Thursday, August 22nd. Berenberg Bank upped their target price on Macfarlane Group from GBX 145 ($1.92) to GBX 150 ($1.98) and gave the company a “buy” rating in a research note on Monday, July 8th.

Macfarlane Group Stock Performance

The firm has a market capitalization of £177.95 million, a P/E ratio of 1,238.89 and a beta of 0.68. The company has a debt-to-equity ratio of 44.58, a current ratio of 1.20 and a quick ratio of 0.79. The firm has a 50-day moving average price of GBX 120.24 and a two-hundred day moving average price of GBX 126.70.

Macfarlane Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, October 10th. Shareholders of record on Thursday, September 12th will be given a GBX 0.96 ($0.01) dividend. The ex-dividend date is Thursday, September 12th. This represents a yield of 0.8%. Macfarlane Group’s dividend payout ratio (DPR) is 4,444.44%.

About Macfarlane Group

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.