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Craneware (LON:CRW) Hits New 1-Year High - Here's Why

Craneware logo with Medical background

Craneware plc (LON:CRW - Get Free Report)'s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 2,530 ($33.87) and last traded at GBX 2,490 ($33.34), with a volume of 177525 shares. The stock had previously closed at GBX 2,250 ($30.12).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "buy" rating on shares of Craneware in a report on Thursday, May 8th.

Check Out Our Latest Stock Report on Craneware

Craneware Trading Up 12.8%

The stock has a fifty day moving average of GBX 2,087.26 and a 200 day moving average of GBX 1,935.47. The company has a market capitalization of £1.09 billion, a P/E ratio of 93.77 and a beta of 0.28. The company has a debt-to-equity ratio of 12.22, a quick ratio of 1.00 and a current ratio of 0.63.

Insider Buying and Selling

In related news, insider Will Whitehorn bought 1,911 shares of the firm's stock in a transaction that occurred on Thursday, April 24th. The shares were bought at an average cost of GBX 1,584 ($21.21) per share, with a total value of £30,270.24 ($40,527.84). Corporate insiders own 19.28% of the company's stock.

Craneware Company Profile

(Get Free Report)

The Craneware Group, the market leader in automated value cycle solutions, including 340B management, collaborates with U.S. healthcare providers to plan, execute, and monitor operational and financial performance so they can continue to deliver quality care to their communities. Customers choose The Craneware Group's Trisus data and applications platform as their key to navigating the journey to financially sustainable value-based care.

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