The Character Group (LON:CCT) Sets New 52-Week High - Here's Why

Key Points

• The Character Group plc reached a new 52-week high, trading as high as GBX 328 ($4.38) during the session, indicating strong investor interest.
• The company has a market capitalization of £59.15 million and reported earnings per share of GBX 8.59 ($0.11) in its last earnings results.
• The Board has approved a share repurchase plan, which suggests that they believe the company's shares are currently undervalued.

The Character Group plc (LON:CCT - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as GBX 328 ($4.38) and last traded at GBX 320 ($4.27), with a volume of 20262 shares trading hands. The stock had previously closed at GBX 310 ($4.14).

The Character Group Price Performance

The firm has a market capitalization of £59.15 million, a price-to-earnings ratio of 11.33 and a beta of 0.91. The company has a current ratio of 1.71, a quick ratio of 1.17 and a debt-to-equity ratio of 5.99. The business has a 50-day moving average price of GBX 269.56 and a two-hundred day moving average price of GBX 259.93.

The Character Group (LON:CCT - Get Free Report) last issued its earnings results on Friday, May 16th. The company reported GBX 8.59 ($0.11) earnings per share for the quarter. The Character Group had a return on equity of 14.13% and a net margin of 4.47%. As a group, research analysts forecast that The Character Group plc will post 14.7856377 EPS for the current year.

The Character Group declared that its Board of Directors has approved a share repurchase plan on Friday, May 30th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board believes its shares are undervalued.

About The Character Group

The Character Group plc is the largest independent toy company based in the United Kingdom. We design, manufacture and distribute a wide range of toys, games and playthings. Many of our products feature or are based on popular film, television, comic and digital characters, reproduced under licence from the brand owners.

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