Craneware (LON:CRW) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Craneware plc (LON:CRW)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,975.56 ($26.49) and traded as high as GBX 2,250 ($30.17). Craneware shares last traded at GBX 2,130 ($28.56), with a volume of 20,896 shares changing hands.

Analyst Ratings Changes

A number of brokerages have issued reports on CRW. Shore Capital reaffirmed a “buy” rating on shares of Craneware in a report on Thursday, May 8th. Berenberg Bank reissued a “buy” rating and set a GBX 2,800 ($37.55) price objective on shares of Craneware in a research note on Tuesday, March 11th.

Craneware Stock Performance

The company has a current ratio of 0.63, a quick ratio of 1.00 and a debt-to-equity ratio of 12.22. The stock’s 50 day moving average price is GBX 1,765.83 and its two-hundred day moving average price is GBX 1,975.56. The firm has a market capitalization of £915.19 million, a PE ratio of 78.70 and a beta of 0.28.

Craneware Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, April 17th. Stockholders of record on Thursday, March 20th were paid a dividend of GBX 13.50 ($0.18) per share. The ex-dividend date was Thursday, March 20th. This represents a dividend yield of 0.71%. Craneware’s dividend payout ratio (DPR) is 107.14%.

Insider Buying and Selling

In other news, insider Will Whitehorn bought 1,911 shares of the firm’s stock in a transaction that occurred on Thursday, April 24th. The shares were purchased at an average price of GBX 1,584 ($21.24) per share, for a total transaction of £30,270.24 ($40,593.05). 19.28% of the stock is owned by company insiders.

About Craneware

The Craneware Group, the market leader in automated value cycle solutions, including 340B management, collaborates with U.S. healthcare providers to plan, execute, and monitor operational and financial performance so they can continue to deliver quality care to their communities. Customers choose The Craneware Group’s Trisus data and applications platform as their key to navigating the journey to financially sustainable value-based care.