Macfarlane Group (LON:MACF) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Macfarlane Group PLC (LON:MACFGet Free Report) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 68.22 and traded as low as GBX 67. Macfarlane Group shares last traded at GBX 67.60, with a volume of 176,841 shares.

Macfarlane Group Stock Performance

The company has a debt-to-equity ratio of 74.12, a quick ratio of 0.79 and a current ratio of 0.98. The company has a 50 day moving average price of GBX 68.22 and a 200 day moving average price of GBX 71.14. The company has a market capitalization of £106.16 million, a price-to-earnings ratio of 17.09 and a beta of 0.59.

Macfarlane Group (LON:MACFGet Free Report) last issued its earnings results on Thursday, February 26th. The company reported GBX 3.99 EPS for the quarter. Macfarlane Group had a return on equity of 5.20% and a net margin of 2.10%. Equities research analysts predict that Macfarlane Group PLC will post 7.4677529 earnings per share for the current fiscal year.

Insider Buying and Selling at Macfarlane Group

In other Macfarlane Group news, insider Peter Atkinson sold 38,077 shares of Macfarlane Group stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of GBX 6, for a total transaction of £2,284.62. Also, insider Ivor Gray sold 19,680 shares of the stock in a transaction that occurred on Wednesday, March 25th. The stock was sold at an average price of GBX 6, for a total value of £1,180.80. Over the last 90 days, insiders have sold 76,257 shares of company stock worth $1,660,042. 2.41% of the stock is currently owned by insiders.

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. The Manufacturing Operations segment designs, manufactures, and assembles timber, corrugated, and foam-based packaging materials in the United Kingdom.

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