The Character Group (LON:CCT) Share Price Passes Above 50 Day Moving Average – What’s Next?

The Character Group plc (LON:CCT) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 247.25 ($3.32) and traded as high as GBX 256 ($3.44). The Character Group shares last traded at GBX 248.50 ($3.33), with a volume of 35,362 shares traded.

The Character Group Trading Down 1.8%

The firm has a 50-day moving average price of GBX 247.25 and a 200-day moving average price of GBX 257.47. 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 stock has a market cap of £45.10 million, a PE ratio of 8.64 and a beta of 0.91.

The Character Group (LON:CCT) last posted its quarterly earnings results on Friday, May 16th. The company reported GBX 8.59 ($0.12) earnings per share (EPS) for the quarter. The Character Group had a return on equity of 14.13% and a net margin of 4.47%. As a group, equities analysts anticipate that The Character Group plc will post 14.7856377 EPS for the current fiscal year.

The Character Group declared that its board has initiated a stock repurchase program on Friday, May 30th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors 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.