Craneware (LON:CRW) Shares Fall Below 200-Day Moving Average - Key Insights

On Friday, shares of Craneware plc (LON:CRW) dipped below their crucial 200-day moving average during the trading session. The stock’s 200-day moving average stands at GBX 2,162.93 (approximately $26.83), whereas it traded as low as GBX 1,840 ($22.83) at one point. The last recorded trading price for Craneware shares was GBX 1,880 ($23.32), with a trading volume of 180,889 shares.

Latest Analyst Ratings and Price Targets

In a separate development, Shore Capital reaffirmed a "buy" rating for Craneware shares in their report released on December 10th. This rating suggests that analysts see potential in Craneware despite the recent price dip.

Current Stock Performance

Craneware has a market capitalization of £664.39 million. The stock's price-to-earnings ratio stands at a high 7,230.77, and it has a beta of 0.28, indicating less volatility compared to the market. The company also showcases a debt-to-equity ratio of 12.22, a quick ratio of 1.00, and a current ratio of 0.63. Furthermore, its fifty-day moving average is reported at GBX 2,137.13.

About Craneware

The Craneware Group is recognized as the leading provider of automated value cycle solutions, which include 340B management. The company partners with healthcare providers in the U.S. to aid them in planning, executing, and monitoring their operational and financial performance. Their aim is to ensure these providers can continue delivering quality care to their communities. The Trisus data and applications platform by Craneware is seen as vital for navigating the transition to financially sustainable, value-based care.

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Note: This information has been synthesized using financial data to provide one of the fastest, most accurate reporting formats. If you have any inquiries regarding this report, please reach out.

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