Greencore Group (OTCMKTS:GNCGY) Shares Gap Down – Here’s Why

Greencore Group (OTCMKTS:GNCGY – Get Free Report) gapped down prior to trading on Thursday. The stock had previously closed at $14.71, but opened at $13.2220. Greencore Group shares last traded at $13.2220, with a volume of 135 shares traded.

Greencore Group Stock Down 10.1%

The business has a 50-day moving average of $13.81 and a 200-day moving average of $12.45. The company has a current ratio of 0.74, a quick ratio of 0.64 and a debt-to-equity ratio of 0.54.

About Greencore Group

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Greencore Group plc is a food manufacturer headquartered in Ireland and focused primarily on the convenience-food market in the United Kingdom. The company develops, manufactures and distributes prepared foods for retailers, foodservice operators and other customers.

Its product portfolio includes ready meals, chilled soups and sauces, salads, sandwiches, sushi, quiche, cakes and other desserts. Greencore supplies food products for consumption at home as well as products used in food-to-go and foodservice channels.

The company has roots in Ireland’s former state-owned sugar industry and evolved into a convenience-food business through divestments and acquisitions.

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