Macfarlane Group (LON:MACF) Sets New 52-Week Low – What’s Next?

Macfarlane Group PLC (LON:MACF) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 104 ($1.31) and last traded at GBX 105 ($1.32), with a volume of 83306 shares traded. The stock had previously closed at GBX 106.50 ($1.34).

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Macfarlane Group in a report on Thursday, August 22nd.

Macfarlane Group Stock Performance

The stock has a market capitalization of £167.58 million, a price-to-earnings ratio of 1,169.89 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 stock has a 50-day moving average of GBX 111.46 and a 200 day moving average of GBX 118.85.

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.