Macfarlane Group (LON:MACF) Stock Price Passes Below 50 Day Moving Average of $106.87

Macfarlane Group PLC (LON:MACF – Get Rating) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 106.87 ($1.30) and traded as low as GBX 102.50 ($1.25). Macfarlane Group shares last traded at GBX 102.50 ($1.25), with a volume of 127,654 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of Macfarlane Group in a research report on Monday, March 6th.

Macfarlane Group Trading Down 1.9 %

The firm’s 50 day moving average is GBX 106.87 and its 200 day moving average is GBX 102.40. The company has a market cap of £162.30 million, a PE ratio of 1,025.00 and a beta of 0.86. The company has a debt-to-equity ratio of 41.23, a current ratio of 1.22 and a quick ratio of 0.79.

Macfarlane Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 11th will be paid a dividend of GBX 2.52 ($0.03) per share. The ex-dividend date is Thursday, May 11th. This represents a yield of 2.38%. This is a boost from Macfarlane Group’s previous dividend of $0.90. Macfarlane Group’s payout ratio is currently 3,000.00%.

About Macfarlane Group

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Macfarlane Group PLC, through its subsidiaries, designs, manufactures, and distributes protective packaging products to businesses. The company operates through Packaging Distribution and Manufacturing Operations segments. The Packaging Distribution segment distributes packaging materials; and supplies storage and warehousing services in the United Kingdom, Ireland, and Europe.