Greencore Group (LON:GNC) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Greencore Group plc (LON:GNC)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 193.80 ($2.45) and traded as high as GBX 203.50 ($2.57). Greencore Group shares last traded at GBX 199.40 ($2.52), with a volume of 1,116,722 shares traded.

Analyst Ratings Changes

Separately, Shore Capital reissued a “house stock” rating on shares of Greencore Group in a research report on Thursday, January 30th.

Greencore Group Trading Down 0.3 %

The firm has a market cap of £867.86 million, a PE ratio of 18.03, a P/E/G ratio of 0.10 and a beta of 1.19. The company’s fifty day moving average price is GBX 193.65 and its two-hundred day moving average price is GBX 193.83. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 55.60.

Greencore Group Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th were issued a GBX 2 ($0.03) dividend. This represents a dividend yield of 1.01%. The ex-dividend date was Thursday, January 9th. Greencore Group’s payout ratio is 54.26%.

About Greencore Group

We are a leading manufacturer of convenience food in the UK and our purpose is to make every day taste better. To help us achieve this we have a model called The Greencore Way, which is built on the differentiators of People at the Core, Great Food, Delivery Excellence, Lasting Partnerships and Sustainable Choices – The Greencore Way describes both who we are and how we will succeed.

We supply all of the major supermarkets in the UK.