Greencore Group (OTCMKTS:GNCGY) Shares Gap Down – Here’s Why

Shares of Greencore Group (OTCMKTS:GNCGY – Get Free Report) gapped down prior to trading on Tuesday. The stock had previously closed at $16.93, but opened at $15.76. Greencore Group shares last traded at $15.76, with a volume of 339 shares.

Greencore Group Stock Down 6.9%

The company has a debt-to-equity ratio of 0.54, a current ratio of 0.74 and a quick ratio of 0.64. The firm has a fifty day moving average of $14.36 and a 200 day moving average of $12.96.

About Greencore Group

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Greencore Group plc is a food manufacturer and supplier focused primarily on the convenience food market in the United Kingdom. The company develops, manufactures and distributes chilled, frozen and ambient food products for grocery retailers, foodservice operators and other customers.

Its product portfolio includes ready meals, chilled soups and sauces, quiche, sandwiches, salads, sushi and other food-to-go products. Greencore operates manufacturing facilities and food development capabilities in the UK, supplying products through retail and foodservice channels.

The company has roots in Ireland’s former state-owned sugar business and evolved into a diversified convenience food producer.

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