Carnival Co. & (LON:CCL) Stock Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Carnival Co. & plc shares crossed above their 200-day moving average during trading, reaching a high of GBX 2,147 ($29.06) before closing at GBX 2,077 ($28.11).
• The stock exhibits a high debt-to-equity ratio of 312.11 and a market cap of £27.26 billion, suggesting significant leverage and capitalization in the leisure travel sector.
• Despite recent movements in stock price, Carnival Co. & is currently trading down by 3.6%, reflecting prevailing market volatility.

Carnival Co. & plc (LON:CCL - )'s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,661.45 ($22.49) and traded as high as GBX 2,147 ($29.06). Carnival Co. & shares last traded at GBX 2,077 ($28.11), with a volume of 468,911 shares trading hands.

Carnival Co. & Trading Down 3.6%

The company has a debt-to-equity ratio of 312.11, a quick ratio of 0.59 and a current ratio of 0.29. The company has a 50 day moving average of GBX 2,043.53 and a two-hundred day moving average of GBX 1,661.45. The stock has a market cap of £27.26 billion, a PE ratio of 1,087.43, a price-to-earnings-growth ratio of 0.02 and a beta of 2.70.

Carnival Co. & Company Profile

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.

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