Craneware (LON:CRW) Sets New 52-Week Low - Here's Why

Craneware plc (LON:CRW - Get Free Report) shares hit a new 52-week low on Thursday . The stock traded as low as GBX 1,670 ($21.26) and last traded at GBX 1,678.40 ($21.36), with a volume of 5047 shares. The stock had previously closed at GBX 1,720 ($21.89).

Wall Street Analysts Forecast Growth

CRW has been the topic of several analyst reports. Shore Capital reissued a "buy" rating on shares of Craneware in a research report on Tuesday, March 11th. Berenberg Bank reiterated a "buy" rating and set a GBX 2,800 ($35.64) target price on shares of Craneware in a report on Tuesday, March 11th.

Craneware Trading Up 1.0 %

The business has a fifty day moving average price of GBX 1,860.52 and a 200-day moving average price of GBX 2,030.39. The company has a quick ratio of 1.00, a current ratio of 0.63 and a debt-to-equity ratio of 12.22. The company has a market cap of £672.43 million, a P/E ratio of 57.82 and a beta of 0.28.

Craneware Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, April 17th. Stockholders of record on Thursday, March 20th will be issued a dividend of GBX 13.50 ($0.17) per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a dividend yield of 0.71%. Craneware's dividend payout ratio is presently 107.14%.

About Craneware

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.