Carclo (LON:CAR) Shares Cross Above 200-Day Moving Average – Here’s Why

Carclo plc (LON:CAR) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 53.21 and traded as high as GBX 72.20. Carclo shares last traded at GBX 70.40, with a volume of 232,791 shares changing hands.

Carclo Price Performance

The firm has a fifty day moving average of GBX 67.92 and a two-hundred day moving average of GBX 53.21. The company has a current ratio of 1.33, a quick ratio of 1.31 and a debt-to-equity ratio of 961.23. The company has a market capitalization of £45.20 million, a PE ratio of 51.30 and a beta of 0.90.

Carclo (LON:CAR) last announced its quarterly earnings results on Friday, November 21st. The company reported GBX 0.90 EPS for the quarter. Carclo had a negative return on equity of 61.91% and a negative net margin of 2.49%. Research analysts anticipate that Carclo plc will post 4.4999999 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ian Williamson acquired 10,000 shares of the firm’s stock in a transaction on Friday, September 19th. The shares were purchased at an average price of GBX 67 per share, for a total transaction of £6,700. Also, insider Frank Doorenbosch acquired 50,000 shares of the stock in a transaction dated Tuesday, September 30th. The shares were purchased at an average cost of GBX 59 per share, with a total value of £29,500. Corporate insiders own 4.27% of the company’s stock.

About Carclo

Carclo is a global precision engineering group that designs, industrialises and manufactures regulated, high-reliability solutions at scale in Life Sciences, Aerospace and Safety & Security—delivered in-region, for-region.