Coral Products (LON:CRU) Trading 1.7% Higher – Time to Buy?

Coral Products PLC (LON:CRU) shares shot up 1.7% during mid-day trading on Thursday . The stock traded as high as GBX 7.53 ($0.09) and last traded at GBX 7.53 ($0.09). 101,010 shares were traded during mid-day trading, a decline of 34% from the average session volume of 153,322 shares. The stock had previously closed at GBX 7.40 ($0.09).

Coral Products Price Performance

The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 93.25. The company has a 50 day simple moving average of GBX 7.53 and a 200 day simple moving average of GBX 10.81. The stock has a market cap of £6.70 million, a P/E ratio of -752.50 and a beta of 0.64.

Coral Products Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 12th will be given a GBX 0.25 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 4%. Coral Products’s payout ratio is presently -10,000.00%.

About Coral Products

Coral Products PLC, together with its subsidiaries, manufactures and sells plastic injection and mouldings, extruded and vacuum formed, fabricated products, and cap enclosures in the United Kingdom, rest of Europe, and internationally. The company also designs, packages, and distributes lotion pumps, trigger sprays, nozzles, and aerosol caps.