Greencore Group (LON:GNC) Shares Pass Above 200 Day Moving Average - Here's Why

Key Points

• Greencore Group's stock price has crossed above its two hundred day moving average, currently trading at GBX 248 ($3.37) after reaching a high of GBX 250 ($3.39).
• The company has a market cap of £1.09 billion and a P/E ratio of 24.85, indicating robust investor interest.
• Greencore Group is a leading manufacturer of convenience food in the UK, supplying products to all major supermarkets.

Greencore Group plc (LON:GNC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 216.33 ($2.94) and traded as high as GBX 250 ($3.40). Greencore Group shares last traded at GBX 248 ($3.37), with a volume of 714,598 shares traded.

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 stock has a market capitalization of £1.07 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 0.10 and a beta of 1.19. The stock's 50 day simple moving average is GBX 249.66 and its 200-day simple moving average is GBX 217.24.

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.