Craneware (LON:CRW) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Craneware plc (LON:CRW) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,997.76 ($26.93) and traded as high as GBX 2,250 ($30.34). Craneware shares last traded at GBX 2,200 ($29.66), with a volume of 80,424 shares changing hands.

Wall Street Analysts Forecast Growth

CRW has been the subject of a number of recent analyst reports. Berenberg Bank initiated coverage on Craneware in a report on Wednesday, July 16th. They set a “buy” rating and a GBX 2,800 price objective for the company. Shore Capital restated a “buy” rating and set a GBX 2,650 price objective on shares of Craneware in a report on Wednesday, July 16th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 2,725.

Craneware Stock Down 0.6%

The firm has a market capitalization of £939.68 million, a PE ratio of 80.80 and a beta of 0.28. The company has a fifty day simple moving average of GBX 2,259.78 and a two-hundred day simple moving average of GBX 1,997.76. The company has a debt-to-equity ratio of 12.22, a quick ratio of 1.00 and a current ratio of 0.63.

About Craneware

The Craneware Group, the market leader in automated value cycle solutions, including 340B management, collaborates with U.S. healthcare providers to plan, execute, and monitor operational and financial performance so they can continue to deliver quality care to their communities. Customers choose The Craneware Group’s Trisus data and applications platform as their key to navigating the journey to financially sustainable value-based care.