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

Macfarlane Group PLC (LON:MACF) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 108.08 ($1.34) and traded as low as GBX 106 ($1.31). Macfarlane Group shares last traded at GBX 106.50 ($1.32), with a volume of 153,326 shares changing hands.

Analysts Set New Price Targets

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

Macfarlane Group Price 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 stock has a fifty day simple moving average of GBX 108.18 and a 200-day simple moving average of GBX 112.84. The company has a market capitalization of £171.57 million, a price-to-earnings ratio of 1,194.44 and a beta of 0.68.

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.