Macfarlane Group (LON:MACF) Stock Price Down 14.2% – What’s Next?

Shares of Macfarlane Group PLC (LON:MACF) traded down 14.2% during trading on Friday . The company traded as low as GBX 97 ($1.31) and last traded at GBX 100 ($1.35). 2,900,686 shares changed hands during trading, an increase of 687% from the average session volume of 368,598 shares. The stock had previously closed at GBX 116.50 ($1.57).

Analyst Ratings Changes

Separately, Shore Capital restated a “house stock” rating on shares of Macfarlane Group in a report on Thursday.

Macfarlane Group Price Performance

The business has a 50-day moving average of GBX 112.79 and a 200 day moving average of GBX 107.17. 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 firm has a market capitalization of £154.95 million, a P/E ratio of 10.51 and a beta of 0.68.

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.