Macfarlane Group (LON:MACF) Shares Up 0.2% - Time to Buy?

Key Points

• Macfarlane Group PLC's stock rose by 0.2% to GBX 99.60 ($1.32), with trading volume increasing by 55% compared to its average session volume.
• Shore Capital has restated a "house stock" rating on Macfarlane Group, indicating ongoing confidence in the company.
• The firm has a market capitalization of £157.48 million and a PE ratio of 10.68, suggesting it is reasonably valued compared to earnings.

Macfarlane Group PLC (LON:MACF - Get Free Report) rose 0.2% during trading on Friday . The stock traded as high as GBX 100.50 ($1.34) and last traded at GBX 99.60 ($1.32). Approximately 696,475 shares traded hands during trading, an increase of 55% from the average daily volume of 450,339 shares. The stock had previously closed at GBX 99.40 ($1.32).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Macfarlane Group in a report on Thursday, July 10th.

Macfarlane Group Price Performance

The stock's 50-day moving average price is GBX 110.75 and its 200 day moving average price is GBX 106.22. The firm has a market capitalization of £156.84 million, a price-to-earnings ratio of 10.64 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.

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.