Greencore Group (LON:GNC) Stock Passes Above 200-Day Moving Average – Should You Sell?

Greencore Group plc (LON:GNC) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 193.80 ($2.45) and traded as high as GBX 203.50 ($2.57). Greencore Group shares last traded at GBX 199.40 ($2.52), with a volume of 1,116,722 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “house stock” rating on shares of Greencore Group in a research report on Thursday, January 30th.

Greencore Group Trading Down 0.3 %

The company has a market cap of £867.86 million, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 0.10 and a beta of 1.19. The firm has a 50-day moving average price of GBX 193.87 and a 200 day moving average price of GBX 193.80. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 55.60.

Greencore Group Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th were given a GBX 2 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, January 9th. This represents a dividend yield of 1.01%. Greencore Group’s payout ratio is 54.26%.

Greencore Group Company Profile

We are a leading manufacturer of convenience food in the UK and our purpose is to make every day taste better. To help us achieve this we have a model called The Greencore Way, which is built on the differentiators of People at the Core, Great Food, Delivery Excellence, Lasting Partnerships and Sustainable Choices – The Greencore Way describes both who we are and how we will succeed.

We supply all of the major supermarkets in the UK.