Greencore Group (LON:GNC) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Greencore Group plc (LON:GNC) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 192.69 ($2.43) and traded as high as GBX 207.99 ($2.62). Greencore Group shares last traded at GBX 204.50 ($2.57), with a volume of 4,192,019 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “house stock” rating on shares of Greencore Group in a research note on Thursday, January 30th.

Greencore Group Price Performance

The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 55.60. The stock’s 50 day moving average price is GBX 194.41 and its two-hundred day moving average price is GBX 192.95. The stock has a market cap of £894.41 million, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 0.10 and a beta of 1.19.

Greencore Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th were given a dividend of GBX 2 ($0.03) per share. This represents a yield of 1.01%. The ex-dividend date was Thursday, January 9th. Greencore Group’s dividend payout ratio is currently 54.26%.

About Greencore Group

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.