Macfarlane Group PLC (LON:MACF - Get Free Report) shares were down 14.2% on Friday . The company traded as low as GBX 97 ($1.32) and last traded at GBX 100 ($1.36). 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 ($1.58).
Analysts Set New Price Targets
Separately, Shore Capital restated a "house stock" rating on shares of Macfarlane Group in a report on Thursday.
Get Our Latest Stock Report on Macfarlane Group
Macfarlane Group Trading Down 0.2%
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 company has a market capitalization of £157.79 million, a price-to-earnings ratio of 10.70 and a beta of 0.68. The business's 50 day simple moving average is GBX 112.85 and its 200 day simple moving average is GBX 107.25.
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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