Cranswick (LON:CWK) Stock Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Cranswick plc shares surpassed their two hundred day moving average, reaching a high of GBX 5,330, indicating positive trading momentum.
• The company's market capitalization is approximately £2.87 billion with a P/E ratio of 25.36, reflecting its valuation in the food sector.
• Recent insider trading shows significant selling activity, with insiders selling a combined 60,038 shares, raising concerns about confidence in the stock.

Cranswick plc (LON:CWK - Get Free Report)'s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 5,104.08 ($68.65) and traded as high as GBX 5,330 ($71.69). Cranswick shares last traded at GBX 5,320 ($71.55), with a volume of 70,923 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a "house stock" rating on shares of Cranswick in a research note on Friday.

Cranswick Stock Performance

The business's fifty day moving average price is GBX 5,272.57 and its 200-day moving average price is GBX 5,111.54. The company has a debt-to-equity ratio of 13.98, a quick ratio of 1.02 and a current ratio of 1.66. The stock has a market cap of £2.84 billion, a PE ratio of 25.03, a P/E/G ratio of 2.62 and a beta of 0.44.

Cranswick (LON:CWK - Get Free Report) last posted its quarterly earnings data on Tuesday, May 20th. The company reported GBX 273.40 ($3.68) earnings per share (EPS) for the quarter. Cranswick had a net margin of 4.35% and a return on equity of 12.64%. As a group, equities research analysts forecast that Cranswick plc will post 258.5590189 EPS for the current fiscal year.

Insider Activity at Cranswick

In other news, insider Mark Bottomley sold 12,346 shares of Cranswick stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of GBX 5,218 ($70.18), for a total transaction of £644,214.28 ($866,461.71). Also, insider Jim Brisby sold 4,000 shares of the firm's stock in a transaction on Thursday, July 24th. The shares were sold at an average price of GBX 5,400 ($72.63), for a total transaction of £216,000 ($290,517.82). In the last 90 days, insiders have purchased 574 shares of company stock worth $3,025,170 and have sold 60,038 shares worth $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.