Macfarlane Group (LON:MACF) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Macfarlane Group PLC (LON:MACF)’s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 116.64 ($1.48) and traded as low as GBX 109.78 ($1.40). Macfarlane Group shares last traded at GBX 112 ($1.42), with a volume of 86,955 shares traded.

Analyst Ratings Changes

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

Macfarlane Group Trading Down 1.3 %

The firm has a market capitalization of £176.36 million, a P/E ratio of 1,244.44 and a beta of 0.68. The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 44.58. The stock has a 50-day simple moving average of GBX 110.44 and a two-hundred day simple moving average of GBX 116.61.

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.