Craneware (LON:CRW) Sets New 1-Year Low – Time to Sell?

Craneware plc (LON:CRW) reached a new 52-week low during trading on Thursday . The company traded as low as GBX 1,670 ($21.54) and last traded at GBX 1,678.40 ($21.65), with a volume of 5047 shares. The stock had previously closed at GBX 1,720 ($22.19).

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CRW. Shore Capital restated a “buy” rating on shares of Craneware in a report on Tuesday, March 11th. Berenberg Bank restated a “buy” rating and set a GBX 2,800 ($36.12) price objective on shares of Craneware in a research note on Tuesday, March 11th.

Craneware Price Performance

The firm has a 50-day moving average of GBX 1,868.52 and a 200-day moving average of GBX 2,038.61. The company has a debt-to-equity ratio of 12.22, a quick ratio of 1.00 and a current ratio of 0.63. The firm has a market capitalization of £665.98 million, a P/E ratio of 57.27 and a beta of 0.28.

Craneware Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, March 20th will be issued a dividend of GBX 13.50 ($0.17) per share. This represents a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, March 20th. Craneware’s payout ratio is currently 107.14%.

Craneware Company Profile

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.