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

Cranswick plc (LON:CWK)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

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

Cranswick Trading Down 0.7 %

The company has a 50 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 current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.88. The stock has a market capitalization of £2.61 billion, a PE ratio of 2,325.36, a P/E/G ratio of 2.62 and a beta of 0.44.

Cranswick Cuts Dividend

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

About Cranswick

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.