Macfarlane Group (LON:MACF) Shares Cross Below Fifty Day Moving Average – What’s Next?

Macfarlane Group PLC (LON:MACF)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 103.08 ($1.35) and traded as low as GBX 96 ($1.26). Macfarlane Group shares last traded at GBX 98.40 ($1.29), with a volume of 89,129 shares changing hands.

Macfarlane Group Trading Down 1.0 %

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 market capitalization of £155.58 million, a P/E ratio of 10.55 and a beta of 0.68. The business’s fifty day simple moving average is GBX 103.08 and its two-hundred day simple moving average is GBX 107.28.

Macfarlane Group (LON:MACF) last announced its quarterly earnings data on Thursday, February 27th. The company reported GBX 9.76 ($0.13) EPS for the quarter. Macfarlane Group had a net margin of 5.47% and a return on equity of 12.67%. As a group, analysts forecast that Macfarlane Group PLC will post 7.4677529 earnings per share for the current year.

Macfarlane Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be given a GBX 2.70 ($0.04) dividend. The ex-dividend date is Thursday, May 15th. This represents a dividend yield of 2.62%. This is an increase from Macfarlane Group’s previous dividend of $0.96. Macfarlane Group’s dividend payout ratio (DPR) is currently 42.88%.

Insider Transactions at Macfarlane Group

In other Macfarlane Group news, insider Ivor Gray sold 15,397 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of GBX 104 ($1.36), for a total transaction of £16,012.88 ($20,959.27). 13.19% of the stock is owned by insiders.

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.