Macfarlane Group (LON:MACF) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Macfarlane Group PLC (LON:MACF)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 66.10 and traded as low as GBX 65. Macfarlane Group shares last traded at GBX 65, with a volume of 91,533 shares traded.

Analyst Ratings Changes

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Macfarlane Group in a report on Tuesday, May 12th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 120.

Macfarlane Group Stock Performance

The firm has a fifty day simple moving average of GBX 66.10 and a 200-day simple moving average of GBX 68.66. The company has a current ratio of 0.98, a quick ratio of 0.79 and a debt-to-equity ratio of 74.12. The stock has a market cap of £100.87 million, a price-to-earnings ratio of 16.28 and a beta of 0.53.

Insider Buying and Selling at Macfarlane Group

In other Macfarlane Group news, insider Peter Atkinson sold 38,077 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of GBX 6, for a total transaction of £2,284.62. Also, insider Ivor Gray sold 19,680 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was sold at an average price of GBX 6, for a total value of £1,180.80. 2.24% of the stock is currently owned by corporate insiders.

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. The Manufacturing Operations segment designs, manufactures, and assembles timber, corrugated, and foam-based packaging materials in the United Kingdom.