Cranswick (LON:CWK) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Cranswick plc (LON:CWK)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 4,838.61 ($60.49) and traded as high as GBX 5,060 ($63.26). Cranswick shares last traded at GBX 4,980 ($62.26), with a volume of 117,602 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Shore Capital reiterated a “house stock” rating on shares of Cranswick in a report on Tuesday, January 21st. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 57 ($0.71) price target on shares of Cranswick in a report on Tuesday, December 17th.

Cranswick Stock Performance

The company has a quick ratio of 1.02, a current ratio of 1.66 and a debt-to-equity ratio of 13.88. The stock has a market cap of £2.68 billion, a P/E ratio of 2,392.34, a PEG ratio of 2.62 and a beta of 0.44. The stock has a fifty day simple moving average of GBX 4,908.66 and a 200-day simple moving average of GBX 4,838.61.

Cranswick (LON:CWK) last issued its earnings results on Tuesday, November 26th. The company reported GBX 132.10 ($1.65) earnings per share (EPS) for the quarter. Cranswick had a return on equity of 12.89% and a net margin of 4.35%. Equities analysts expect that Cranswick plc will post 258.5590189 earnings per share for the current fiscal year.

Cranswick Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 24th. Shareholders of record on Thursday, December 12th were issued a dividend of GBX 25 ($0.31) per share. This represents a yield of 0.49%. The ex-dividend date was Thursday, December 12th. Cranswick’s dividend payout ratio (DPR) is currently 4,306.22%.

About Cranswick

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.