Craneware (LON:CRW) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Craneware plc (LON:CRW)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,178.82 and traded as high as GBX 2,340. Craneware shares last traded at GBX 2,240, with a volume of 227,628 shares traded.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CRW. Shore Capital reaffirmed a “buy” rating and set a GBX 2,850 target price on shares of Craneware in a research report on Tuesday, September 16th. Peel Hunt reaffirmed a “buy” rating and set a GBX 2,871 target price on shares of Craneware in a research report on Monday, September 15th. Finally, Berenberg Bank boosted their target price on Craneware from GBX 2,800 to GBX 2,900 and gave the stock a “buy” rating in a research report on Monday, September 15th. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 2,873.67.

Craneware Price Performance

The stock has a market capitalization of £793.68 million, a price-to-earnings ratio of 40.58 and a beta of 0.28. The company has a quick ratio of 1.00, a current ratio of 0.63 and a debt-to-equity ratio of 12.22. The firm has a 50-day moving average of GBX 2,293.69 and a two-hundred day moving average of GBX 2,178.82.

Craneware Company Profile

The Craneware Group, the market leader in automated value cycle solutions, including 340B management, collaborates with U.S. healthcare providers to plan, execute, and monitor operational and financial performance so they can continue to deliver quality care to their communities. Customers choose The Craneware Group’s Trisus data and applications platform as their key to navigating the journey to financially sustainable value-based care.