Macfarlane Group PLC (LON:MACF - Get Free Report) shares were down 14.2% on Thursday . The stock traded as low as GBX 97 ($1.31) and last traded at GBX 100 ($1.35). Approximately 2,900,686 shares were traded during 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 restated a "house stock" rating on shares of Macfarlane Group in a research report on Thursday.
Get Our Latest Stock Analysis on MACF
Macfarlane Group Stock Performance
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's 50-day moving average is GBX 112.79 and its two-hundred day moving average is GBX 107.16. The stock has a market cap of £154.31 million, a price-to-earnings ratio of 10.46 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.
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