Macfarlane Group (LON:MACF) Stock Price Down 0.9% – Here’s What Happened

Shares of Macfarlane Group PLC (LON:MACF) fell 0.9% on Wednesday . The stock traded as low as GBX 106 ($1.29) and last traded at GBX 107.50 ($1.31). 131,454 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 139,456 shares. The stock had previously closed at GBX 108.50 ($1.32).

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of Macfarlane Group in a research report on Friday, November 29th.

Macfarlane Group Price Performance

The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 44.58. The business has a 50-day moving average price of GBX 109.04 and a 200 day moving average price of GBX 114.89. The stock has a market cap of £170.77 million, a PE ratio of 1,188.89 and a beta of 0.68.

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.