Macfarlane Group (LON:MACF) Share Price Passes Below 50-Day Moving Average – Time to Sell?

Macfarlane Group PLC (LON:MACF) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 108.02 ($1.36) and traded as low as GBX 106.50 ($1.34). Macfarlane Group shares last traded at GBX 107 ($1.35), with a volume of 133,538 shares changing hands.

Analyst Upgrades and Downgrades

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

Macfarlane Group Stock Performance

The firm has a 50 day moving average price of GBX 108.02 and a 200 day moving average price of GBX 111.78. The stock has a market cap of £169.10 million, a PE ratio of 11.47 and a beta of 0.68. The company has a quick ratio of 0.79, a current ratio of 1.20 and a debt-to-equity ratio of 44.58.

About Macfarlane Group

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.