Macfarlane Group (LON:MACF) Share Price Passes Below 50 Day Moving Average – Should You Sell?

Macfarlane Group PLC (LON:MACF) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 66.19 and traded as low as GBX 63.68. Macfarlane Group shares last traded at GBX 63.80, with a volume of 59,283 shares trading hands.

Analyst Upgrades and Downgrades

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

Macfarlane Group Stock Performance

The company has a market capitalization of £101.39 million, a PE ratio of 16.33 and a beta of 0.53. The business’s 50-day moving average is GBX 66.19 and its 200-day moving average is GBX 68.89. The company has a debt-to-equity ratio of 74.12, a quick ratio of 0.79 and a current ratio of 0.98.

Macfarlane Group (LON:MACF) last issued its earnings results on Thursday, February 26th. The company reported GBX 3.99 earnings per share (EPS) for the quarter. Macfarlane Group had a net margin of 2.10% and a return on equity of 5.20%. On average, research analysts anticipate that Macfarlane Group PLC will post 7.4677529 earnings per share for the current year.

Insider Activity

In other Macfarlane Group news, insider Laura Whyte sold 18,500 shares of Macfarlane Group stock in a transaction dated Monday, March 2nd. The shares were sold at an average price of GBX 71, for a total value of £13,135. Also, insider Aleen Gulvanessian bought 27,730 shares of the firm’s stock in a transaction on Monday, March 2nd. The stock was purchased at an average cost of GBX 72 per share, with a total value of £19,965.60. Insiders sold a total of 76,257 shares of company stock valued at $1,660,042 over the last ninety days. 2.41% of the stock is currently owned by corporate 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. The Manufacturing Operations segment designs, manufactures, and assembles timber, corrugated, and foam-based packaging materials in the United Kingdom.