Greencore Group (LON:GNC) Stock Passes Above 200-Day Moving Average – Should You Sell?

Greencore Group plc (LON:GNC) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 193.80 ($2.45) and traded as high as GBX 203.50 ($2.57). Greencore Group shares last traded at GBX 199.40 ($2.52), with a volume of 1,116,722 shares traded.

Analyst Ratings Changes

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

Greencore Group Trading Down 0.3 %

The business has a 50 day simple moving average of GBX 193.87 and a two-hundred day simple moving average of GBX 193.80. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 55.60. The stock has a market cap of £867.86 million, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 0.10 and a beta of 1.19.

Greencore Group Cuts Dividend

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

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, Delivery Excellence, Lasting Partnerships and Sustainable Choices – The Greencore Way describes both who we are and how we will succeed.

We supply all of the major supermarkets in the UK.