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Craneware (LON:CRW) Hits New 52-Week High - Time to Buy?

Craneware logo with Medical background

Craneware plc (LON:CRW - Get Free Report)'s share price reached a new 52-week high on Wednesday . The stock traded as high as GBX 2,530 ($33.96) and last traded at GBX 2,490 ($33.42), with a volume of 177525 shares changing hands. The stock had previously closed at GBX 2,250 ($30.20).

Wall Street Analyst Weigh In

CRW has been the topic of several recent research reports. Berenberg Bank initiated coverage on shares of Craneware in a report on Wednesday. They set a "buy" rating and a GBX 2,800 ($37.58) target price on the stock. Shore Capital reaffirmed a "buy" rating and set a GBX 2,650 ($35.57) target price on shares of Craneware in a report on Wednesday.

Check Out Our Latest Stock Analysis on Craneware

Craneware Price Performance

The business's 50 day moving average is GBX 2,128.04 and its two-hundred day moving average is GBX 1,944. The firm has a market cap of £1.06 billion, a P/E ratio of 90.89 and a beta of 0.28. The company has a quick ratio of 1.00, a current ratio of 0.63 and a debt-to-equity ratio of 12.22.

Insiders Place Their Bets

In related news, insider Will Whitehorn purchased 1,911 shares of the firm's stock in a transaction on Thursday, April 24th. The stock was purchased at an average cost of GBX 1,584 ($21.26) per share, with a total value of £30,270.24 ($40,631.19). 19.28% of the stock is owned by corporate insiders.

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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