Cranswick (LON:CWK) Shares Down 7.6% - Here's What Happened

Cranswick plc (LON:CWK - Get Free Report) fell 7.6% on Monday . The stock traded as low as GBX 4,902.50 ($65.14) and last traded at GBX 4,950 ($65.77). 340,146 shares changed hands during mid-day trading, an increase of 145% from the average session volume of 138,641 shares. The stock had previously closed at GBX 5,360 ($71.22).

Wall Street Analyst Weigh In

CWK has been the topic of a number of analyst reports. Berenberg Bank reiterated a "hold" rating and set a GBX 5,370 ($71.35) price objective on shares of Cranswick in a research report on Monday, March 31st. Shore Capital reissued a "house stock" rating on shares of Cranswick in a research note on Thursday, March 20th.

Cranswick Stock Performance

The stock has a market cap of £2.64 billion, a P/E ratio of 23.32, a PEG ratio of 2.62 and a beta of 0.44. 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 4,994.34 and a 200 day moving average of GBX 4,969.12.

Insider Activity

In other Cranswick news, insider Jim Brisby sold 7,000 shares of Cranswick stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of GBX 5,011 ($66.58), for a total value of £350,770 ($466,077.60). 4.54% of the stock is 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.