Macfarlane Group (LON:MACF) Shares Cross Above 50 Day Moving Average – Should You Sell?

Shares of Macfarlane Group PLC (LON:MACF) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 66.66 and traded as high as GBX 75.90. Macfarlane Group shares last traded at GBX 74.50, with a volume of 143,821 shares traded.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group restated a “house stock” rating on shares of Macfarlane Group in a report on Tuesday, June 30th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 120.

Macfarlane Group Stock Performance

The stock has a market cap of £114.92 million, a PE ratio of 18.57 and a beta of 0.54. The firm’s 50-day moving average is GBX 66.66 and its 200 day moving average is GBX 67.73. The company has a debt-to-equity ratio of 74.12, a quick ratio of 0.79 and a current ratio of 0.98.

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.