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

Greencore Group plc (LON:GNC) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 191.08 ($2.39) and traded as low as GBX 184.20 ($2.30). Greencore Group shares last traded at GBX 184.40 ($2.30), with a volume of 1,076,746 shares traded.

Analyst Ratings Changes

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

Greencore Group Price Performance

The business has a 50-day moving average price of GBX 196.02 and a 200 day moving average price of GBX 191.07. The company has a market cap of £830.08 million, a price-to-earnings ratio of 1,850.00, a P/E/G ratio of 0.10 and a beta of 1.19. 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 declared a dividend, which will be paid on Thursday, February 6th. Investors of record on Thursday, January 9th will be paid a GBX 2 ($0.02) dividend. The ex-dividend date is Thursday, January 9th. This represents a yield of 1.01%. Greencore Group’s dividend payout ratio is currently 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.