Greencore Group (LON:GNC) Trading 11% Higher - Here's Why

Shares of Greencore Group plc (LON:GNC - Get Free Report) shot up 11% on Tuesday . The company traded as high as GBX 270.50 ($3.64) and last traded at GBX 267.48 ($3.59). 3,624,554 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 2,497,136 shares. The stock had previously closed at GBX 241 ($3.24).

Greencore Group Price Performance

The stock has a market cap of £1.18 billion, a price-to-earnings ratio of 24.51, a price-to-earnings-growth ratio of 0.10 and a beta of 1.19. The company has a 50-day simple moving average of GBX 230.65 and a two-hundred day simple moving average of GBX 202.33. The company has a debt-to-equity ratio of 55.60, a quick ratio of 0.62 and a current ratio of 0.70.

About Greencore Group

We are a leading manufacturer of convenience food in the UK and our purpose is to make every day taste better. To help us achieve this we have a model called The Greencore Way, which is built on the differentiators of People at the Core, Great Food, Delivery Excellence, Lasting Partnerships and Sustainable Choices – The Greencore Way describes both who we are and how we will succeed. We supply all of the major supermarkets in the UK.