Macfarlane Group PLC (LON:MACF - Get Free Report)'s share price was down 14.2% on Thursday . The company traded as low as GBX 97 ($1.32) and last traded at GBX 100 ($1.36). Approximately 2,900,686 shares traded 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 ($1.58).
Analysts Set New Price Targets
Separately, Shore Capital reissued a "house stock" rating on shares of Macfarlane Group in a research report on Thursday.
Get Our Latest Analysis on MACF
Macfarlane Group Stock Down 14.2%
The company has a market cap of £158.11 million, a P/E ratio of 10.72 and a beta of 0.68. 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 fifty day moving average price of GBX 112.88 and a two-hundred day moving average price of GBX 107.31.
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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