Greencore Group (LON:GNC) Share Price Passes Below 200 Day Moving Average – Here’s Why

Greencore Group plc (LON:GNC) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 191.08 ($2.36) and traded as low as GBX 184.20 ($2.28). Greencore Group shares last traded at GBX 184.40 ($2.28), with a volume of 1,076,746 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “house stock” rating on shares of Greencore Group in a research note on Wednesday, December 4th.

Greencore Group Price Performance

The company has a quick ratio of 0.62, a current ratio of 0.79 and a debt-to-equity ratio of 78.73. The stock has a market cap of £827.38 million, a P/E ratio of 1,844.00, a P/E/G ratio of 0.10 and a beta of 1.19. The firm has a 50 day moving average price of GBX 196.54 and a 200 day moving average price of GBX 191.08.

Greencore Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, February 6th. Shareholders of record on Thursday, January 9th will be given a GBX 2 ($0.02) dividend. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 1.01%. Greencore Group’s payout ratio is currently 6,000.00%.

Greencore Group Company Profile

We are a leading manufacturer of convenience food in the UK and our purpose is to make every day taste better. To help us achieve this we have a model called The Greencore Way, which is built on the differentiators of People at the Core, Great Food, Excellence and Sustainability – The Greencore Way describes both who we are and how we will succeed.

We supply all of the major supermarkets in the UK.