Macfarlane Group PLC (LON:MACF - Get Free Report) dropped 14.2% during mid-day trading on Thursday . The company traded as low as GBX 97 ($1.31) and last traded at GBX 100 ($1.35). Approximately 2,900,686 shares changed hands during mid-day 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).
Wall Street Analysts Forecast Growth
Separately, Shore Capital reissued a "house stock" rating on shares of Macfarlane Group in a report on Thursday.
Check Out Our Latest Report on MACF
Macfarlane Group Stock Down 2.0%
The business's 50 day simple moving average is GBX 112.79 and its 200 day simple moving average is GBX 107.16. 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 market capitalization of £154.95 million, a PE ratio of 10.51 and a beta of 0.68.
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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