Greencore Group (LON:GNC) Stock Crosses Above 200 Day Moving Average - Time to Sell?

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 - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 206.56 ($2.77) 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 changing hands.

Greencore Group Stock Down 0.7%

The stock's fifty day moving average is GBX 239.63 and its 200 day moving average is GBX 208.31. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 55.60. The company has a market capitalization of £1.10 billion, a P/E ratio of 22.76, 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.