Macfarlane Group (LON:MACF) Stock Price Passes Below Fifty Day Moving Average – Should You Sell?

Macfarlane Group PLC (LON:MACF) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 108.08 ($1.34) and traded as low as GBX 106 ($1.32). Macfarlane Group shares last traded at GBX 106.50 ($1.32), with a volume of 153,326 shares trading hands.

Analysts Set New Price Targets

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

Macfarlane Group Stock Up 0.5 %

The business’s fifty day moving average is GBX 108.08 and its two-hundred day moving average is GBX 113.13. The stock has a market cap of £170.77 million, a price-to-earnings ratio of 1,188.89 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.

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.