Macfarlane Group (LON:MACF) Stock Passes Below 50-Day Moving Average – What’s Next?

Macfarlane Group PLC (LON:MACF) shares passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 108.49 ($1.32) and traded as low as GBX 105.95 ($1.29). Macfarlane Group shares last traded at GBX 106.50 ($1.30), with a volume of 296,630 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reissued a “house stock” rating on shares of Macfarlane Group in a research report on Friday, November 29th.

Macfarlane Group Stock Performance

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 company has a 50 day simple moving average of GBX 108.36 and a 200-day simple moving average of GBX 114.29. The stock has a market capitalization of £169.97 million, a P/E ratio of 1,183.33 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.