Macfarlane Group (LON:MACF) Reaches New 12-Month Low – Here’s What Happened

Macfarlane Group PLC (LON:MACF)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as GBX 102.55 ($1.29) and last traded at GBX 104 ($1.31), with a volume of 916811 shares traded. The stock had previously closed at GBX 106.50 ($1.34).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Macfarlane Group in a report on Thursday, August 22nd.

Macfarlane Group Stock Down 2.3 %

The stock has a market capitalization of £165.98 million, a price-to-earnings ratio of 1,183.33 and a beta of 0.68. The business has a 50-day moving average of GBX 110.92 and a 200-day moving average of GBX 118.19. The company has a debt-to-equity ratio of 44.58, a quick ratio of 0.79 and a current ratio of 1.20.

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.