Greencore Group (LON:GNC) Stock Crosses Above 200-Day Moving Average - Here's What Happened

Key Points

• Greencore Group plc shares have recently crossed above their 200-day moving average, trading up to GBX 259.50 ($3.49) after opening at GBX 256.60 ($3.45).
• The company has a market capitalization of £1.10 billion and a PE ratio of 22.84, indicating a notable position in the convenience food sector in the UK.
• Greencore Group's operations rely on a model called The Greencore Way, focusing on key differentiators like people, food quality, and sustainable practices to maintain its competitive edge.

Greencore Group plc (LON:GNC - ) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 206.56 ($2.78) and traded as high as GBX 259.50 ($3.49). Greencore Group shares last traded at GBX 256.60 ($3.45), with a volume of 496,099 shares trading hands.

Greencore Group Price Performance

The company has a debt-to-equity ratio of 55.60, a current ratio of 0.70 and a quick ratio of 0.62. The business has a 50 day moving average of GBX 237.71 and a 200 day moving average of GBX 206.56. The company has a market cap of £1.10 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 0.10 and a beta of 1.19.

Greencore Group Company Profile

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.

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.