Craneware (LON:CRW) Share Price Crosses Below Two Hundred Day Moving Average of $1,593.19

Shares of Craneware plc (LON:CRW – Get Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,593.19 ($19.82) and traded as low as GBX 1,322 ($16.44). Craneware shares last traded at GBX 1,360 ($16.92), with a volume of 119,117 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a “buy” rating and issued a GBX 2,300 ($28.61) target price on shares of Craneware in a research note on Monday, March 6th.

Craneware Price Performance

The company has a debt-to-equity ratio of 33.22, a quick ratio of 1.00 and a current ratio of 1.06. The stock has a market cap of £484.30 million, a PE ratio of 7,157.89 and a beta of 0.31. The business has a 50 day moving average price of GBX 1,286.94 and a two-hundred day moving average price of GBX 1,593.19.

Craneware Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, April 14th. Investors of record on Thursday, March 23rd were issued a GBX 12.50 ($0.16) dividend. The ex-dividend date of this dividend was Thursday, March 23rd. This represents a dividend yield of 0.83%. Craneware’s dividend payout ratio (DPR) is presently 14,736.84%.

Insider Buying and Selling

In other Craneware news, insider Keith Neilson bought 3,484 shares of the stock in a transaction on Monday, March 13th. The shares were acquired at an average price of GBX 1,435 ($17.85) per share, with a total value of £49,995.40 ($62,183.33). 21.42% of the stock is currently owned by insiders.

Craneware Company Profile

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Craneware plc, together with its subsidiaries, develops, licenses, and supports computer software for the healthcare industry in the United States. The company provides solutions, such as Trisus pricing transparency software; Trisus Pricing Analyzer, a solution that simplifies and automates the price modeling process; Trisus Chargemaster, an automated chargemaster management solution; InSight Medical Necessity, a solution that offers medical necessity for the United States payors; Trisus Claims Informatics, a retrospective charge capture analytical application that identifies areas of risk for its team to investigate; Trisus Supply, a solution that improves supplies reimbursement; and InSight Audit, an audit management solution for government and commercial payors.