Macfarlane Group (LON:MACF) Stock Price Crosses Below 50 Day Moving Average – Time to Sell?

Macfarlane Group PLC (LON:MACF)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 105.30 ($1.36) and traded as low as GBX 104 ($1.34). Macfarlane Group shares last traded at GBX 105.50 ($1.36), with a volume of 300,204 shares trading hands.

Wall Street Analyst Weigh In

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

Macfarlane Group Price Performance

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 firm’s fifty day moving average is GBX 105.30 and its two-hundred day moving average is GBX 108.83. The company has a market cap of £163.64 million, a P/E ratio of 11.10 and a beta of 0.68.

Macfarlane Group (LON:MACF) last released its earnings results on Thursday, February 27th. The company reported GBX 9.76 ($0.13) earnings per share (EPS) for the quarter. Macfarlane Group had a return on equity of 12.67% and a net margin of 5.47%. As a group, analysts anticipate that Macfarlane Group PLC will post 7.4677529 earnings per share for the current fiscal year.

Macfarlane Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 15th will be given a dividend of GBX 2.70 ($0.03) per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a dividend yield of 2.62%. This is a boost from Macfarlane Group’s previous dividend of $0.96. Macfarlane Group’s dividend payout ratio (DPR) is presently 42.88%.

About Macfarlane Group

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.