The Character Group (LON:CCT) Stock Price Passes Below 50 Day Moving Average – Here’s Why

The Character Group plc (LON:CCT)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 248.70 ($3.37) and traded as low as GBX 240.88 ($3.26). The Character Group shares last traded at GBX 245.50 ($3.33), with a volume of 11,361 shares trading hands.

The Character Group Stock Up 0.9%

The firm has a 50 day moving average of GBX 248.70 and a two-hundred day moving average of GBX 258.52. The firm has a market capitalization of £44.94 million, a price-to-earnings ratio of 8.61 and a beta of 0.91. The company has a quick ratio of 1.17, a current ratio of 1.71 and a debt-to-equity ratio of 5.99.

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

The Character Group announced that its board has authorized a stock repurchase plan on Friday, May 30th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

About The Character Group

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.