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

Cranswick plc (LON:CWK - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 5,045.86 ($67.75) and traded as high as GBX 5,180 ($69.55). Cranswick shares last traded at GBX 5,160.26 ($69.28), with a volume of 54,589 shares changing hands.

Analyst Ratings Changes

Several research firms recently commented on CWK. Shore Capital reiterated a "house stock" rating on shares of Cranswick in a research note on Tuesday, May 20th. Berenberg Bank reiterated a "hold" rating and issued a GBX 5,370 ($72.10) price objective on shares of Cranswick in a research note on Monday, March 31st.

Cranswick Trading Up 1.3%

The firm has a market cap of £2.85 billion, a PE ratio of 25.13, a P/E/G ratio of 2.62 and a beta of 0.44. The firm has a 50 day moving average of GBX 5,275.81 and a 200 day moving average of GBX 5,050.83. The company has a quick ratio of 1.02, a current ratio of 1.66 and a debt-to-equity ratio of 13.98.

Cranswick (LON:CWK - Get Free Report) last posted its earnings results on Tuesday, May 20th. The company reported GBX 273.40 ($3.67) earnings per share (EPS) for the quarter. Cranswick had a return on equity of 12.64% and a net margin of 4.35%. Equities analysts anticipate that Cranswick plc will post 258.5590189 earnings per share for the current year.

Insider Activity

In other Cranswick news, insider Mark Bottomley sold 12,346 shares of the stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of GBX 5,218 ($70.06), for a total transaction of £644,214.28 ($864,949.36). Also, insider Yetunde Hofmann bought 190 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were bought at an average price of GBX 5,208 ($69.92) per share, for a total transaction of £9,895.20 ($13,285.71). Over the last quarter, insiders have bought 571 shares of company stock valued at $3,009,420 and have sold 56,038 shares valued at $292,437,280. Insiders own 4.54% of the company's stock.

About Cranswick

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.