Macfarlane Group PLC (LON:MACF - Get Free Report)'s stock price traded down 12.4% during trading on Thursday . The stock traded as low as GBX 97 ($1.32) and last traded at GBX 102.10 ($1.39). 1,076,576 shares traded hands during mid-day trading, an increase of 203% from the average session volume of 354,779 shares. The stock had previously closed at GBX 116.50 ($1.58).
Analysts Set New Price Targets
Separately, Shore Capital reaffirmed a "house stock" rating on shares of Macfarlane Group in a research report on Thursday.
View Our Latest Stock Analysis on Macfarlane Group
Macfarlane Group Price Performance
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 firm's 50 day moving average is GBX 112.88 and its 200 day moving average is GBX 107.31. The firm has a market cap of £158.11 million, a P/E ratio of 10.72 and a beta of 0.68.
About Macfarlane Group
(
Get Free Report)
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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