Macfarlane Group PLC (LON:MACF - Get Free Report) traded down 14.2% during mid-day trading on Thursday . The stock traded as low as GBX 97 ($1.32) and last traded at GBX 100 ($1.36). 2,900,686 shares changed hands 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 ($1.58).
Wall Street Analyst Weigh In
Separately, Shore Capital reaffirmed a "house stock" rating on shares of Macfarlane Group in a research note on Thursday.
Check Out Our Latest Research Report on MACF
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 50 day moving average price of GBX 112.85 and a 200-day moving average price of GBX 107.25. The stock has a market capitalization of £154.95 million, a price-to-earnings ratio of 10.51 and a beta of 0.68.
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.
Further Reading
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