Greencore Group (LON:GNC) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Greencore Group plc (LON:GNC)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 190.53 ($2.32) and traded as low as GBX 171 ($2.08). Greencore Group shares last traded at GBX 176.80 ($2.15), with a volume of 1,277,764 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Greencore Group in a research note on Wednesday, December 4th.

Greencore Group Stock Performance

The company has a market cap of £826.49 million, a P/E ratio of 1,842.00, a price-to-earnings-growth ratio of 0.10 and a beta of 1.19. The company’s fifty day moving average is GBX 197.58 and its 200 day moving average is GBX 190.66. The company has a current ratio of 0.79, a quick ratio of 0.62 and a debt-to-equity ratio of 78.73.

Greencore Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th will be paid a GBX 2 ($0.02) dividend. This represents a dividend yield of 1.01%. The ex-dividend date is Thursday, January 9th. Greencore Group’s dividend payout ratio (DPR) is presently 6,000.00%.

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, Excellence and Sustainability – The Greencore Way describes both who we are and how we will succeed.

We supply all of the major supermarkets in the UK.