Macfarlane Group PLC (LON:MACF - Get Free Report)'s share price dropped 13.8% on Thursday . The stock traded as low as GBX 97 ($1.32) and last traded at GBX 100.41 ($1.36). Approximately 2,773,478 shares were traded during mid-day trading, an increase of 654% from the average daily volume of 367,635 shares. The stock had previously closed at GBX 116.50 ($1.58).
Analyst Upgrades and Downgrades
Separately, Shore Capital reiterated a "house stock" rating on shares of Macfarlane Group in a report on Thursday.
View Our Latest Report on Macfarlane Group
Macfarlane Group Trading Down 14.2%
The stock has a market capitalization of £158.11 million, a PE ratio of 10.72 and a beta of 0.68. The company has a quick ratio of 0.79, a current ratio of 1.20 and a debt-to-equity ratio of 44.58. The business's 50-day moving average is GBX 112.85 and its two-hundred day moving average is GBX 107.25.
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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