The Character Group (LON:CCT) Sets New 52-Week High - Still a Buy?

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) hit a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 306 ($4.06) and last traded at GBX 303 ($4.02), with a volume of 76925 shares. The stock had previously closed at GBX 298 ($3.96).

The Character Group Price Performance

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 stock's fifty day moving average price is GBX 265.28 and its 200-day moving average price is GBX 258.75. 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 posted its quarterly earnings results on Friday, May 16th. The company reported GBX 8.59 ($0.11) EPS for the quarter. The Character Group had a net margin of 4.47% and a return on equity of 14.13%. As a group, equities research analysts forecast that The Character Group plc will post 14.7856377 earnings per share for the current fiscal year.

The Character Group announced that its Board of Directors has authorized a share repurchase plan on Friday, May 30th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors 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.