Cranswick (LON:CWK) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Cranswick plc (LON:CWK) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,774.24 ($59.31) and traded as high as GBX 4,915 ($61.06). Cranswick shares last traded at GBX 4,860 ($60.37), with a volume of 36,709 shares changing hands.

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a “buy” rating and issued a GBX 57 ($0.71) price objective on shares of Cranswick in a research report on Tuesday, December 17th.

Cranswick Stock Performance

The company has a market capitalization of £2.61 billion, a price-to-earnings ratio of 2,325.36, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44. The firm has a fifty day simple moving average of GBX 4,988.10 and a 200 day simple moving average of GBX 4,774.24. The company has a debt-to-equity ratio of 13.88, a current ratio of 1.66 and a quick ratio of 1.02.

Cranswick Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, December 12th will be given a dividend of GBX 25 ($0.31) per share. The ex-dividend date is Thursday, December 12th. This represents a yield of 0.49%. Cranswick’s payout ratio is 4,306.22%.

Cranswick Company Profile

Cranswick plc manufactures and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally. The company offers fresh pork, gourmet bacon and gammon, fresh and coated chicken, ready to eat chicken, charcuterie, houmous and dips, and olives and antipasti, gourmet sausages, cooked meats, and gourmet pastries, as well as provides food services.