Macfarlane Group (LON:MACF) Shares Up 1.7% - Here's What Happened

Macfarlane Group PLC (LON:MACF - Get Free Report)'s share price shot up 1.7% during trading on Tuesday . The company traded as high as GBX 117.50 ($1.60) and last traded at GBX 117 ($1.59). 168,171 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 360,157 shares. The stock had previously closed at GBX 115 ($1.56).

Macfarlane Group Stock Up 0.4%

The company has a market cap of £189.73 million, a PE ratio of 12.87 and a beta of 0.68. The company has a quick ratio of 0.79, a current ratio of 1.20 and a debt-to-equity ratio of 44.58. The company's fifty day moving average is GBX 104.07 and its 200-day moving average is GBX 105.72.

Insider Activity at Macfarlane Group

In other news, insider Ivor Gray sold 15,397 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of GBX 104 ($1.41), for a total transaction of £16,012.88 ($21,744.81). 13.19% of the stock is owned by corporate insiders.

Macfarlane Group Company Profile

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.