Macfarlane Group (LON:MACF) Sets New 52-Week Low – What’s Next?

Macfarlane Group PLC (LON:MACF) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 102.55 ($1.30) and last traded at GBX 104 ($1.32), with a volume of 916811 shares traded. The stock had previously closed at GBX 106.50 ($1.35).

Wall Street Analyst Weigh In

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

Macfarlane Group Stock Performance

The company has a debt-to-equity ratio of 44.58, a quick ratio of 0.79 and a current ratio of 1.20. The stock has a market cap of £168.02 million, a P/E ratio of 1,166.67 and a beta of 0.68. The firm’s 50 day moving average is GBX 110.64 and its 200 day moving average is GBX 117.88.

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.