The Character Group (LON:CCT) Shares Pass Above Fifty Day Moving Average - Here's Why

Key Points

• The Character Group plc shares have surpassed the 50-day moving average during trading, closing at GBX 320 ($4.30) after reaching a high of GBX 328 ($4.41).
• The company reported earnings per share of GBX 8.59 ($0.12) for the last quarter, with analysts predicting an annual EPS of approximately 14.79 for the current year.
• The board has approved a share repurchase plan, indicating confidence that the company's shares are undervalued and allowing for reacquisition through open market purchases.

Shares of The Character Group plc (LON:CCT - Get Free Report) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 271.06 ($3.65) and traded as high as GBX 328 ($4.41). The Character Group shares last traded at GBX 320 ($4.30), with a volume of 20,262 shares.

The Character Group Stock Up 1.7%

The company has a 50 day moving average price of GBX 271.06 and a two-hundred day moving average price of GBX 260.42. The company has a debt-to-equity ratio of 5.99, a current ratio of 1.71 and a quick ratio of 1.17. The stock has a market cap of £58.26 million, a PE ratio of 11.16 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 ($0.12) earnings per share for the quarter. The Character Group had a return on equity of 14.13% and a net margin of 4.47%. Analysts expect that The Character Group plc will post 14.7856377 EPS for the current year.

The Character Group announced that its board has approved a share repurchase plan on Friday, May 30th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board 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.

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