Craneware (LON:CRW) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Craneware plc (LON:CRW)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,212.04 and traded as low as GBX 1,890. Craneware shares last traded at GBX 1,910, with a volume of 63,194 shares changing hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CRW. Peel Hunt reissued a “buy” rating and issued a GBX 2,871 price target on shares of Craneware in a research report on Monday, September 15th. Berenberg Bank lifted their target price on Craneware from GBX 2,800 to GBX 2,900 and gave the company a “buy” rating in a research note on Monday, September 15th. Finally, Shore Capital reiterated a “buy” rating and issued a GBX 2,850 target price on shares of Craneware in a report on Tuesday, September 16th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of GBX 2,873.67.

Craneware Trading Up 2.4%

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 £694.20 million, a price-to-earnings ratio of 35.42 and a beta of 0.28. The company’s fifty day moving average price is GBX 2,153.40 and its 200-day moving average price is GBX 2,212.04.

Craneware Company Profile

Founded in May 1999 by CEO Keith Neilson and co-founder Gordon Craig, Craneware launched its first product in October 1999 after signing its first customer contract the previous month. By the end of 2000, Craneware had more than 20 customers, setting the stage for the continuous growth to come, and in September 2007, Craneware listed on the AIM market of the London Stock Exchange.

In July 2021, after more than 20 years as the leading provider of revenue integrity solutions improving financial performance in U.S.