Coral Products (LON:CRU) Trading Up 14.8% – Still a Buy?

Shares of Coral Products PLC (LON:CRU) shot up 14.8% during trading on Tuesday . The company traded as high as GBX 7.75 ($0.10) and last traded at GBX 7.18 ($0.09). 445,199 shares were traded during mid-day trading, an increase of 141% from the average session volume of 184,553 shares. The stock had previously closed at GBX 6.25 ($0.08).

Coral Products Stock Up 3.7 %

The stock’s fifty day moving average price is GBX 7.21 and its 200 day moving average price is GBX 9.80. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 93.25. The stock has a market cap of £6.23 million, a P/E ratio of -700.00 and a beta of 0.64.

Coral Products Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 12th will be given a dividend of GBX 0.25 ($0.00) per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a yield of 4%. Coral Products’s payout ratio is -10,000.00%.

Coral Products Company Profile

Coral Products PLC is a manufacturer and distributor of plastic products within a wide range of sectors.
The Group has operations in the UK with manufacturing facilities in Wythenshawe and Denton, Greater Manchester and a distribution facility in Hyde, Greater Manchester.