Macfarlane Group (LON:MACF) Sets New 1-Year Low – Here’s Why

Shares of Macfarlane Group PLC (LON:MACF) hit a new 52-week low on Wednesday . The company traded as low as GBX 102.55 ($1.29) and last traded at GBX 104 ($1.31), with a volume of 916811 shares trading hands. The stock had previously closed at GBX 106.50 ($1.34).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “house stock” rating on shares of Macfarlane Group in a research note on Thursday, August 22nd.

Macfarlane Group Price Performance

The company has a market cap of £165.98 million, a PE ratio of 1,183.33 and a beta of 0.68. 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 stock’s 50-day moving average is GBX 110.92 and its 200 day moving average is GBX 118.19.

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.