Macfarlane Group (LON:MACF) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Macfarlane Group PLC (LON:MACF) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 105.80 ($1.37) and traded as low as GBX 101.50 ($1.31). Macfarlane Group shares last traded at GBX 101.50 ($1.31), with a volume of 307,227 shares.

Wall Street Analyst Weigh In

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

Macfarlane Group Stock Up 0.5 %

The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 44.58. The firm has a market capitalization of £160.48 million, a PE ratio of 10.88 and a beta of 0.68. The firm has a 50-day moving average of GBX 105.80 and a two-hundred day moving average of GBX 109.48.

Macfarlane Group (LON:MACF) last released its quarterly earnings data on Thursday, February 27th. The company reported GBX 9.76 ($0.13) EPS for the quarter. Macfarlane Group had a return on equity of 12.67% and a net margin of 5.47%. On average, equities research analysts forecast that Macfarlane Group PLC will post 7.4677529 EPS for the current year.

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.