The Character Group (LON:CCT) Reaches New 1-Year High - Here's Why

Key Points

• The Character Group plc (LON:CCT) shares reached a new 52-week high at GBX 306 ($4.06), reflecting strong trading activity with a volume of 76,925 shares.
• The company recently reported earnings of GBX 8.59 ($0.11) per share and has a net margin of 4.47%, indicating stable financial performance.
• The Board of Directors has initiated a share repurchase plan, suggesting confidence in the stock's value and potential for future growth.

The Character Group plc (LON:CCT - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 306 ($4.07) and last traded at GBX 303 ($4.03), with a volume of 76925 shares trading hands. The stock had previously closed at GBX 298 ($3.96).

The Character Group Price Performance

The stock's 50 day simple moving average is GBX 265.28 and its 200-day simple moving average is GBX 258.75. The company has a debt-to-equity ratio of 5.99, a quick ratio of 1.17 and a current ratio of 1.71. The firm has a market cap of £57.85 million, a price-to-earnings ratio of 11.08 and a beta of 0.91.

The Character Group (LON:CCT - Get Free Report) last announced its quarterly earnings data 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%. Equities research analysts anticipate that The Character Group plc will post 14.7856377 EPS for the current fiscal year.

The Character Group announced that its board has authorized a share buyback program on Friday, May 30th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are undervalued.

The Character Group Company Profile

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.