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

Craneware plc (LON:CRW) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of Craneware in a report on Tuesday, December 10th.

Craneware Stock Up 1.1 %

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

About Craneware

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.