Macfarlane Group (LON:MACF) Stock Price Down 14.2% - Time to Sell?

Macfarlane Group PLC (LON:MACF - Get Free Report)'s share price traded down 14.2% during mid-day trading on Thursday . The stock traded as low as GBX 97 ($1.32) and last traded at GBX 100 ($1.36). 2,900,686 shares changed 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 ($1.58).

Analysts Set New Price Targets

Separately, Shore Capital reissued a "house stock" rating on shares of Macfarlane Group in a research note on Thursday.

Macfarlane Group Stock Performance

The firm has a 50 day moving average of GBX 112.88 and a 200-day moving average of GBX 107.31. The stock has a market capitalization of £158.11 million, a PE ratio of 10.72 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

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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