Craneware (LON:CRW) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Craneware plc (LON:CRW - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,968.90 ($26.58) and traded as high as GBX 2,100 ($28.35). Craneware shares last traded at GBX 2,060 ($27.81), with a volume of 16,729 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Berenberg Bank reiterated a "buy" rating and set a GBX 2,800 ($37.80) target price on shares of Craneware in a research note on Tuesday, March 11th. Shore Capital reissued a "buy" rating on shares of Craneware in a research note on Thursday, May 8th.

Craneware Trading Down 1.5%

The business's 50-day simple moving average is GBX 1,826.95 and its 200-day simple moving average is GBX 1,963.50. The company has a market cap of £863.63 million, a PE ratio of 74.26 and a beta of 0.28. The company has a current ratio of 0.63, a quick ratio of 1.00 and a debt-to-equity ratio of 12.22.

Insider Activity at Craneware

In other Craneware news, insider Will Whitehorn bought 1,911 shares of the stock in a transaction on Thursday, April 24th. The shares were purchased at an average price of GBX 1,584 ($21.39) per share, with a total value of £30,270.24 ($40,867.07). Insiders own 19.28% of the company's stock.

Craneware Company Profile

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.