Macfarlane Group PLC (LON:MACF - Get Free Report)'s share price traded down 14.2% on Thursday . The company traded as low as GBX 97 ($1.31) and last traded at GBX 100 ($1.35). 2,900,686 shares were traded during mid-day trading, an increase of 687% from the average session volume of 368,598 shares. The stock had previously closed at GBX 116.50 ($1.57).
Wall Street Analyst Weigh In
Separately, Shore Capital reaffirmed a "house stock" rating on shares of Macfarlane Group in a report on Thursday.
Check Out Our Latest Stock Report on MACF
Macfarlane Group Stock Performance
The company has a market capitalization of £154.95 million, a P/E ratio of 10.51 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's 50 day simple moving average is GBX 112.79 and its two-hundred day simple moving average is GBX 107.17.
About Macfarlane Group
(
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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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