Carnival Co. & (LON:CCL) Shares Cross Above 200-Day Moving Average - Here's Why

Key Points

• Carnival's shares crossed above their 200‑day moving average, trading as high as GBX 2,144 and last at GBX 2,074 on volume of about 2.02 million shares, with the 200‑day MA at GBX 2,045.09.
• Fundamentals are mixed: the company carries very high leverage (debt‑to‑equity 204.18) and weak liquidity (current ratio 0.27, quick ratio 0.59), but trades at a low P/E of 9.14 and PEG of 0.02 and has a market cap of £28.74 billion (beta 2.48).

Carnival Co. & plc (LON:CCL - ) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,045.09 and traded as high as GBX 2,144. Carnival Co. & shares last traded at GBX 2,074, with a volume of 2,016,509 shares changing hands.

Carnival Co. & Price Performance

The company has a debt-to-equity ratio of 204.18, a quick ratio of 0.59 and a current ratio of 0.27. The stock's 50-day moving average is GBX 2,105.90 and its 200 day moving average is GBX 2,045.09. The stock has a market capitalization of £28.74 billion, a PE ratio of 9.14, a P/E/G ratio of 0.02 and a beta of 2.48.

About Carnival Co. &

Carnival Corporation & plc engages in the provision of leisure travel services in North America, Australia, Europe, Asia, and internationally. The company operates through four segments: NAA Cruise Operations, Europe Cruise Operations, Cruise Support, and Tour and Other. It operates port destinations, private islands, and a solar park, as well as owns and operates hotels, lodges, glass-domed railcars, and motor coaches. The company offers its services under the Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Costa Cruises, AIDA Cruises, P&O Cruises, and Cunard brand.

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