Cranswick (LON:CWK) Shares Pass Above 200-Day Moving Average - Should You Sell?

Shares of Cranswick plc (LON:CWK - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,967.51 ($66.35) and traded as high as GBX 5,300 ($70.79). Cranswick shares last traded at GBX 5,260 ($70.26), with a volume of 133,181 shares traded.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CWK. Berenberg Bank restated a "hold" rating and issued a GBX 5,370 ($71.72) price target on shares of Cranswick in a research note on Monday, March 31st. Shore Capital restated a "house stock" rating on shares of Cranswick in a research note on Thursday, March 20th.

Cranswick Trading Up 2.5%

The company has a current ratio of 1.66, a quick ratio of 1.02 and a debt-to-equity ratio of 13.98. The company has a market cap of £2.91 billion, a price-to-earnings ratio of 25.66, a price-to-earnings-growth ratio of 2.62 and a beta of 0.44. The firm has a 50-day moving average price of GBX 5,015.09 and a 200 day moving average price of GBX 4,967.51.

Insiders Place Their Bets

In other news, insider Jim Brisby sold 7,000 shares of the stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of GBX 5,011 ($66.93), for a total transaction of £350,770 ($468,505.41). 4.54% of the stock is currently owned by corporate 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.

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