The Character Group (LON:CCT) Share Price Crosses Above 50 Day Moving Average - Should You Sell?

Key Points

• The Character Group plc shares have crossed above their 50-day moving average of GBX 280.62, reaching a trading high of GBX 330.
• The company reported earnings of GBX 8.59 ($0.12) per share for the last quarter, with a forecast of 14.79 earnings per share for the current year.
• The board has authorized a stock buyback program, indicating management's belief that the shares may be undervalued.

The Character Group plc (LON:CCT - Get Free Report) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 280.62 ($3.79) and traded as high as GBX 330 ($4.45). The Character Group shares last traded at GBX 311 ($4.20), with a volume of 7,484 shares.

The Character Group Stock Performance

The company has a quick ratio of 1.17, a current ratio of 1.71 and a debt-to-equity ratio of 5.99. The company has a market cap of £58.04 million, a PE ratio of 11.12 and a beta of 0.91. The business's fifty day moving average is GBX 283.45 and its 200-day moving average is GBX 264.47.

The Character Group declared that its board has initiated a share repurchase program on Friday, May 30th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its stock is 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.