Craneware (LON:CRW) Stock Crosses Below 200 Day Moving Average – Here’s Why

Craneware plc (LON:CRW)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,129.06 ($26.98) and traded as low as GBX 1,855 ($23.51). Craneware shares last traded at GBX 1,885 ($23.89), with a volume of 114,131 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “buy” rating on shares of Craneware in a research note on Tuesday, December 10th.

Craneware Stock Performance

The stock has a market cap of £818.51 million, a P/E ratio of 70.38 and a beta of 0.28. The business has a 50 day moving average price of GBX 2,042.50 and a 200 day moving average price of GBX 2,125.76. The company has a quick ratio of 1.00, a current ratio of 0.63 and a debt-to-equity ratio of 12.22.

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.