Greencore Group (OTCMKTS:GNCGY) Shares Gap Up – Still a Buy?

Greencore Group (OTCMKTS:GNCGY – Get Free Report) gapped up before the market opened on Friday. The stock had previously closed at $12.90, but opened at $14.36. Greencore Group shares last traded at $14.36, with a volume of 598 shares traded.

Greencore Group Stock Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 0.74 and a quick ratio of 0.64. The firm’s 50-day simple moving average is $13.81 and its 200 day simple moving average is $12.45.

Greencore Group Company Profile

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Greencore Group plc is a food manufacturer headquartered in Ireland and focused primarily on the convenience-food market in the United Kingdom. The company develops, manufactures and distributes prepared foods for retailers, foodservice operators and other customers.

Its product portfolio includes ready meals, chilled soups and sauces, salads, sandwiches, sushi, quiche, cakes and other desserts. Greencore supplies food products for consumption at home as well as products used in food-to-go and foodservice channels.

The company has roots in Ireland’s former state-owned sugar industry and evolved into a convenience-food business through divestments and acquisitions.

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