Cranswick (LON:CWK) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Cranswick plc (LON:CWK) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 4,868.07 ($61.50) and traded as high as GBX 4,950 ($62.54). Cranswick shares last traded at GBX 4,930 ($62.29), with a volume of 68,387 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of Cranswick in a research report on Tuesday, January 21st.

Cranswick Price Performance

The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.98. The company has a market capitalization of £2.66 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44. The stock’s 50-day moving average is GBX 4,905.17 and its two-hundred day moving average is GBX 4,868.07.

Cranswick (LON:CWK) last posted its quarterly earnings data on Tuesday, November 26th. The company reported GBX 132.10 ($1.67) earnings per share for the quarter. Cranswick had a net margin of 4.35% and a return on equity of 12.64%. On average, equities analysts predict that Cranswick plc will post 258.5590189 EPS for the current year.

Cranswick Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 24th. Investors of record on Thursday, December 12th were given a GBX 25 ($0.32) dividend. This represents a yield of 0.49%. The ex-dividend date was Thursday, December 12th. Cranswick’s dividend payout ratio (DPR) is currently 42.83%.

Cranswick Company Profile

Cranswick is a leading and innovative British supplier of premium, fresh and added value food products, with revenues in excess of £2.0 billion. We produce and supply premium food to UK grocery retailers, the food service sector and other global food producers.

Our core market is the United Kingdom where we provide a range of high quality, predominantly fresh food including Fresh Pork, Poultry, Convenience and Gourmet Products and more recently have further expanded our portfolio by adding high quality pet food.