Craneware (LON:CRW) Share Price Crosses Below 200-Day Moving Average – Here’s What Happened

Craneware plc (LON:CRW)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 2,224.42 and traded as low as GBX 2,060. Craneware shares last traded at GBX 2,060, with a volume of 495,825 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Peel Hunt reiterated a “buy” rating and issued a GBX 2,871 price objective on shares of Craneware in a report on Monday, September 15th. Shore Capital reaffirmed a “buy” rating and set a GBX 2,850 target price on shares of Craneware in a report on Tuesday, September 16th. Finally, Berenberg Bank increased their price target on shares of Craneware from GBX 2,800 to GBX 2,900 and gave the company a “buy” rating in a report on Monday, September 15th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 2,873.67.

Craneware Trading Up 1.4%

The company has a debt-to-equity ratio of 12.22, a current ratio of 0.63 and a quick ratio of 1.00. The business’s 50-day moving average is GBX 2,244.59 and its 200 day moving average is GBX 2,224.42. The firm has a market capitalization of £740.32 million, a P/E ratio of 37.85 and a beta of 0.28.

About Craneware

Founded in May 1999 by CEO Keith Neilson and co-founder Gordon Craig, Craneware launched its first product in October 1999 after signing its first customer contract the previous month. By the end of 2000, Craneware had more than 20 customers, setting the stage for the continuous growth to come, and in September 2007, Craneware listed on the AIM market of the London Stock Exchange.

In July 2021, after more than 20 years as the leading provider of revenue integrity solutions improving financial performance in U.S.