Cranswick (LON:CWK) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Cranswick plc (LON:CWK) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 4,719.04 ($59.56) and traded as high as GBX 4,991.90 ($63.01). Cranswick shares last traded at GBX 4,955 ($62.54), with a volume of 51,743 shares trading hands.

Cranswick Stock Performance

The stock’s fifty day simple moving average is GBX 5,054.80 and its 200-day simple moving average is GBX 4,719.04. The company has a market capitalization of £2.66 billion, a price-to-earnings ratio of 2,370.81, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44. The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.88.

Cranswick Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, December 12th will be given a dividend of GBX 25 ($0.32) per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a dividend yield of 0.49%. Cranswick’s dividend payout ratio (DPR) is currently 4,306.22%.

Insider Activity at Cranswick

In other news, insider Mark Bottomley sold 430 shares of the stock in a transaction dated Tuesday, September 24th. The shares were sold at an average price of GBX 4,658 ($58.79), for a total transaction of £20,029.40 ($25,280.07). Also, insider Christopher Aldersley sold 16,500 shares of the firm’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of GBX 4,910 ($61.97), for a total value of £810,150 ($1,022,529.34). 4.54% of the stock is currently owned by corporate insiders.

About Cranswick

Cranswick plc manufactures and supplies food products to grocery retailers, food service sector, and other food producers in the United Kingdom, Continental Europe, and internationally. The company offers fresh pork, gourmet bacon and gammon, fresh and coated chicken, ready to eat chicken, charcuterie, houmous and dips, and olives and antipasti, gourmet sausages, cooked meats, and gourmet pastries, as well as provides food services.