The Character Group (LON:CCT) Stock Price Crosses Below 50 Day Moving Average - What's Next?

Key Points

• The Character Group plc's stock has recently dropped below its fifty-day moving average of GBX 300.45, trading as low as GBX 282.
• The company has initiated a share repurchase program, suggesting that management may view its stock as undervalued.
• The Character Group has a notable debt-to-equity ratio of 5.99 and a market cap of £51.43 million, indicating potential financial leverage concerns.

Shares of The Character Group plc (LON:CCT - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 300.45 ($4.06) and traded as low as GBX 282 ($3.81). The Character Group shares last traded at GBX 285.20 ($3.85), with a volume of 9,465 shares trading hands.

The Character Group Stock Down 1.0%

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 £51.43 million, a P/E ratio of 968.09 and a beta of 0.91. The stock's 50 day simple moving average is GBX 300.45 and its 200 day simple moving average is GBX 270.94.

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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.