Macfarlane Group (LON:MACF) Stock Crosses Below 50 Day Moving Average – Here’s What Happened

Shares of Macfarlane Group PLC (LON:MACF) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 108.02 ($1.36) and traded as low as GBX 106.50 ($1.34). Macfarlane Group shares last traded at GBX 107 ($1.35), with a volume of 133,538 shares traded.

Analyst Ratings Changes

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

Macfarlane Group Stock Down 0.0 %

The stock has a market capitalization of £169.10 million, a P/E ratio of 11.47 and a beta of 0.68. The business has a 50-day moving average price of GBX 108.02 and a 200 day moving average price of GBX 111.78. The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 44.58.

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.