Cranswick (LON:CWK) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Cranswick plc's share price has recently crossed above its two hundred day moving average, indicating a potential positive trend in its stock performance.
• The company's market capitalization is £2.83 billion, with a price-to-earnings ratio of 24.98, suggesting investor optimism about its future growth.
• Insider trading activity has seen significant movement, with insiders selling a total of 60,038 shares recently while corporate insiders own 4.54% of the company's stock.

Cranswick plc (LON:CWK - Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 5,120.21 ($68.70) and traded as high as GBX 5,283.47 ($70.89). Cranswick shares last traded at GBX 5,250 ($70.44), with a volume of 38,021 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital restated a "house stock" rating on shares of Cranswick in a report on Friday, August 8th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of GBX 5,370.

Cranswick Trading Down 0.2%

The company has a debt-to-equity ratio of 13.98, a current ratio of 1.66 and a quick ratio of 1.02. The company has a fifty day moving average of GBX 5,266.17 and a 200-day moving average of GBX 5,127.11. The firm has a market capitalization of £2.85 billion, a PE ratio of 25.17, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44.

Cranswick (LON:CWK - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported GBX 273.40 earnings per share (EPS) for the quarter. Cranswick had a return on equity of 12.64% and a net margin of 4.35%. On average, sell-side analysts anticipate that Cranswick plc will post 258.5590189 earnings per share for the current fiscal year.

Insider Buying and Selling at Cranswick

In other Cranswick news, insider Mark Bottomley sold 12,346 shares of the stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of GBX 5,218, for a total transaction of £644,214.28. Also, insider Yetunde Hofmann bought 190 shares of the stock in a transaction on Wednesday, July 9th. The shares were acquired at an average cost of GBX 5,208 per share, for a total transaction of £9,895.20. In the last quarter, insiders bought 571 shares of company stock valued at $3,008,751 and sold 60,038 shares valued at $314,037,280. 4.54% of the stock is currently owned by insiders.

Cranswick Company Profile

Cranswick is a leading and innovative British supplier of premium, fresh and added value food products, with revenues in excess of £2.0 billion. We produce and supply premium food to UK grocery retailers, the food service sector and other global food producers. Our core market is the United Kingdom where we provide a range of high quality, predominantly fresh food including Fresh Pork, Poultry, Convenience and Gourmet Products and more recently have further expanded our portfolio by adding high quality pet food.