CareTech (LON:CTH) Stock Passes Below 200 Day Moving Average – Here’s Why

CareTech Holdings PLC (LON:CTHGet Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 750 ($9.45) and traded as low as GBX 748 ($9.43). CareTech shares last traded at GBX 750 ($9.45), with a volume of 424,247 shares.

CareTech Trading Up 0.3 %

The business’s 50 day simple moving average is GBX 750 and its two-hundred day simple moving average is GBX 750. The stock has a market cap of £850.02 million and a P/E ratio of 10,714.29. The company has a quick ratio of 0.91, a current ratio of 0.95 and a debt-to-equity ratio of 110.31.

CareTech Company Profile

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CareTech Holdings PLC provides care and support services for children and adults in the United Kingdom. It operates in four segments: Adults Services, Children's Services, Foster Care, and Digital Technology. The Adult Services segment offers care and residential services for adults with learning disabilities, mental health and autistic spectrum disorders, physical impairment, and brain injury.

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