Cranswick (LON:CWK) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Cranswick plc (LON:CWK) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,719.04 ($59.56) and traded as high as GBX 4,991.90 ($63.01). Cranswick shares last traded at GBX 4,955 ($62.54), with a volume of 51,743 shares trading hands.

Cranswick Stock Down 0.1 %

The company has a debt-to-equity ratio of 13.88, a quick ratio of 1.02 and a current ratio of 1.66. The firm’s fifty day simple moving average is GBX 5,054.80 and its 200 day simple moving average is GBX 4,719.04. The stock has a market capitalization of £2.66 billion, a price-to-earnings ratio of 2,370.81, a P/E/G ratio of 2.62 and a beta of 0.44.

Cranswick Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, December 12th will be issued a GBX 25 ($0.32) dividend. This represents a dividend yield of 0.49%. The ex-dividend date of this dividend is Thursday, December 12th. Cranswick’s dividend payout ratio (DPR) is presently 4,306.22%.

Insider Activity

In other news, insider Mark Bottomley sold 430 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of GBX 4,658 ($58.79), for a total value of £20,029.40 ($25,280.07). Also, insider Christopher Aldersley sold 16,500 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of GBX 4,910 ($61.97), for a total transaction of £810,150 ($1,022,529.34). Corporate insiders own 4.54% of the company’s stock.

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.