Macfarlane Group (LON:MACF) Stock Price Down 0.9% – Time to Sell?

Macfarlane Group PLC (LON:MACF)’s stock price fell 0.9% on Wednesday . The stock traded as low as GBX 106 ($1.31) and last traded at GBX 107.50 ($1.33). 131,454 shares changed hands during trading, a decline of 6% from the average session volume of 139,456 shares. The stock had previously closed at GBX 108.50 ($1.34).

Analysts Set New Price Targets

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

Macfarlane Group Stock Down 0.9 %

The stock has a fifty day moving average of GBX 109.37 and a 200-day moving average of GBX 115.15. The firm has a market capitalization of £171.57 million, a price-to-earnings ratio of 1,194.44 and a beta of 0.68. The company has a current ratio of 1.20, a quick ratio of 0.79 and a debt-to-equity ratio of 44.58.

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.