Greencore Group (LON:GNC) Stock Price Passes Above 200-Day Moving Average - Here's Why

Key Points

• Greencore Group's stock price exceeded its 200-day moving average, reaching a high of GBX 259 ($3.43) during trading on Wednesday.
• The company has a market capitalization of £1.10 billion and a PE ratio of 22.93.
• Greencore Group is a leading manufacturer of convenience food in the UK, supplying all major supermarkets.

Greencore Group plc (LON:GNC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 203.87 ($2.71) and traded as high as GBX 259 ($3.44). Greencore Group shares last traded at GBX 253.50 ($3.37), with a volume of 661,567 shares.

Greencore Group Trading Up 0.5%

The company has a market cap of £1.11 billion, a PE ratio of 23.04, a PEG ratio of 0.10 and a beta of 1.19. The stock has a fifty day moving average of GBX 235.44 and a 200-day moving average of GBX 205.40. 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.