Macfarlane Group (LON:MACF) Stock Crosses Below Fifty Day Moving Average – Should You Sell?

Macfarlane Group PLC (LON:MACF) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 105.80 ($1.37) and traded as low as GBX 101.50 ($1.31). Macfarlane Group shares last traded at GBX 101.50 ($1.31), with a volume of 307,227 shares trading hands.

Analysts Set New Price Targets

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

Macfarlane Group Stock Up 0.5 %

The firm’s 50 day simple moving average is GBX 105.80 and its 200-day simple moving average is GBX 109.41. 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 company has a market cap of £160.48 million, a price-to-earnings ratio of 10.88 and a beta of 0.68.

Macfarlane Group (LON:MACF) last posted its quarterly earnings results on Thursday, February 27th. The company reported GBX 9.76 ($0.13) EPS for the quarter. Macfarlane Group had a return on equity of 12.67% and a net margin of 5.47%. As a group, sell-side analysts anticipate that Macfarlane Group PLC will post 7.4677529 earnings per share for the current year.

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.