Macfarlane Group PLC (LON:MACF - Get Free Report)'s share price fell 14.2% during trading on Thursday . The company traded as low as GBX 97 ($1.31) and last traded at GBX 100 ($1.35). 2,900,686 shares changed hands during 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).
Analyst Upgrades and Downgrades
Separately, Shore Capital reissued 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 Stock Down 2.0%
The firm 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 current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 44.58. The firm has a 50 day moving average price of GBX 112.79 and a two-hundred day moving average price of GBX 107.18.
Macfarlane Group Company Profile
(
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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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