Macfarlane Group (LON:MACF) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Macfarlane Group PLC (LON:MACF)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 66.10 and traded as low as GBX 65. Macfarlane Group shares last traded at GBX 65, with a volume of 91,533 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital Group reissued a “house stock” rating on shares of Macfarlane Group in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of GBX 120.

Macfarlane Group Stock Performance

The firm has a market cap of £100.87 million, a P/E ratio of 16.28 and a beta of 0.53. 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 stock’s 50-day moving average is GBX 66.10 and its 200 day moving average is GBX 68.66.

Insider Transactions at Macfarlane Group

In other news, insider Peter Atkinson sold 38,077 shares of the firm’s 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 firm’s stock in a transaction dated Wednesday, March 25th. The stock was sold at an average price of GBX 6, for a total value of £1,180.80. Company insiders own 2.24% of the company’s stock.

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