Macfarlane Group PLC (LON:MACF - Get Free Report) traded down 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 traded hands during mid-day 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).
Analysts Set New Price Targets
Separately, Shore Capital restated a "house stock" rating on shares of Macfarlane Group in a research note on Thursday.
Read Our Latest Stock Analysis on Macfarlane Group
Macfarlane Group Stock Performance
The firm has a 50 day moving average of GBX 112.85 and a two-hundred day moving average of GBX 107.25. The stock has a market cap of £154.95 million, a P/E ratio of 10.51 and a beta of 0.68. The company has a debt-to-equity ratio of 44.58, a quick ratio of 0.79 and a current ratio of 1.20.
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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