Macfarlane Group (LON:MACF) Stock Price Down 0.9% – Here’s What Happened

by · The Markets Daily

Macfarlane Group PLC (LON:MACF – Get Free Report) dropped 0.9% on Wednesday . The company traded as low as GBX 106 ($1.29) and last traded at GBX 107.50 ($1.31). Approximately 131,454 shares traded hands during mid-day trading, a decline of 6% from the average daily volume of 139,456 shares. The stock had previously closed at GBX 108.50 ($1.32).

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on Macfarlane Group

Macfarlane Group Price Performance

The firm has a market capitalization of £170.77 million, a P/E ratio of 1,188.89 and a beta of 0.68. The company has a debt-to-equity ratio of 44.58, a quick ratio of 0.79 and a current ratio of 1.20. The business has a 50 day simple moving average of GBX 109.04 and a two-hundred day simple moving average of GBX 114.89.

About Macfarlane Group

(Get Free Report)

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.

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