Macfarlane Group PLC (LON:MACF - Get Free Report)'s share price dropped 14.2% on Thursday . The stock traded as low as GBX 97 ($1.31) and last traded at GBX 100 ($1.35). 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 ($1.57).
Analyst Ratings Changes
Separately, Shore Capital reiterated a "house stock" rating on shares of Macfarlane Group in a research note on Thursday.
Check Out Our Latest Research Report on Macfarlane Group
Macfarlane Group Price Performance
The stock has a market capitalization of £154.95 million, a price-to-earnings ratio of 10.51 and a beta of 0.68. The company has a debt-to-equity ratio of 44.58, a quick ratio of 0.79 and a current ratio of 1.20. The company has a fifty day simple moving average of GBX 112.79 and a two-hundred day simple moving average of GBX 107.16.
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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