Macfarlane Group PLC (LON:MACF - Get Free Report) shares dropped 14.2% during mid-day trading on Thursday . The company traded as low as GBX 97 ($1.32) and last traded at GBX 100 ($1.36). Approximately 2,900,686 shares traded hands during trading, an increase of 687% from the average daily volume of 368,598 shares. The stock had previously closed at GBX 116.50 ($1.58).
Analysts Set New Price Targets
Separately, Shore Capital reiterated a "house stock" rating on shares of Macfarlane Group in a report on Thursday.
Read Our Latest Analysis on Macfarlane Group
Macfarlane Group Stock Down 14.2%
The firm has a market capitalization of £158.11 million, a PE ratio of 10.72 and a beta of 0.68. The stock has a 50-day simple moving average of GBX 112.88 and a 200-day simple moving average of GBX 107.31. The company has a quick ratio of 0.79, a current ratio of 1.20 and a debt-to-equity ratio of 44.58.
Macfarlane Group Company Profile
(
Get Free Report)
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.
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