Craneware (LON:CRW) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Craneware plc (LON:CRW) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,228.05 ($27.92) and traded as high as GBX 2,243 ($28.11). Craneware shares last traded at GBX 2,201.69 ($27.59), with a volume of 18,617 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CRW. Shore Capital reissued a “buy” rating on shares of Craneware in a research report on Tuesday, December 10th. Berenberg Bank reissued a “buy” rating and issued a GBX 2,700 ($33.83) price target on shares of Craneware in a report on Tuesday, September 3rd.

Craneware Trading Down 1.6 %

The company has a market capitalization of £770.41 million, a price-to-earnings ratio of 8,384.62 and a beta of 0.28. The firm has a fifty day moving average price of GBX 2,170.74 and a 200-day moving average price of GBX 2,227.69. The company has a debt-to-equity ratio of 12.22, a quick ratio of 1.00 and a current ratio of 0.63.

About Craneware

Craneware plc, together with its subsidiaries, develops, licenses, and supports computer software for the healthcare industry in the United States. The company provides solutions, such as Trisus pricing transparency software; Trisus Pricing Analyzer, a solution that simplifies and automates the price modeling process; Trisus Chargemaster, an automated chargemaster management solution; InSight Medical Necessity, a solution that offers medical necessity for the United States payors; Trisus Claims Informatics, a retrospective charge capture analytical application that identifies areas of risk for its team to investigate; Trisus Supply, a solution that improves supplies reimbursement; and InSight Audit, an audit management solution for government and commercial payors.