Macfarlane Group PLC (LON:MACF - Get Free Report)'s share price was down 12.4% during mid-day trading on Thursday . The company traded as low as GBX 97 ($1.32) and last traded at GBX 102.10 ($1.39). Approximately 1,076,576 shares were traded during mid-day trading, an increase of 203% from the average daily volume of 354,779 shares. The stock had previously closed at GBX 116.50 ($1.58).
Wall Street Analyst Weigh In
Separately, Shore Capital reissued a "house stock" rating on shares of Macfarlane Group in a report on Thursday.
View Our Latest Analysis on Macfarlane Group
Macfarlane Group Stock Performance
The business's fifty day simple moving average is GBX 112.88 and its 200-day simple moving average is GBX 107.31. The firm has a market cap of £157.16 million, a P/E ratio of 10.66 and a beta of 0.68. The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 44.58.
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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