Craneware (LON:CRW) Hits New 52-Week Low – Here’s What Happened

Shares of Craneware plc (LON:CRW) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 1,500 ($19.47) and last traded at GBX 1,500 ($19.47), with a volume of 23412 shares changing hands. The stock had previously closed at GBX 1,550 ($20.12).

Analyst Upgrades and Downgrades

A number of equities analysts have commented on CRW shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,800 ($36.34) price objective on shares of Craneware in a report on Tuesday, March 11th. Shore Capital restated a “buy” rating on shares of Craneware in a research report on Tuesday, March 11th.

Craneware Stock Performance

The company has a market capitalization of £653.99 million, a price-to-earnings ratio of 56.24 and a beta of 0.28. The stock has a 50 day simple moving average of GBX 1,819.51 and a 200 day simple moving average of GBX 2,007.61. The company has a quick ratio of 1.00, a current ratio of 0.63 and a debt-to-equity ratio of 12.22.

Craneware Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, April 17th. Investors of record on Thursday, March 20th will be given a dividend of GBX 13.50 ($0.18) per share. The ex-dividend date is Thursday, March 20th. This represents a yield of 0.71%. Craneware’s dividend payout ratio is currently 107.14%.

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.