Craneware (LON:CRW) Share Price Passes Above 200-Day Moving Average – Here’s What Happened

Craneware plc (LON:CRW)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 2,234.26 ($27.92) and traded as high as GBX 2,300 ($28.75). Craneware shares last traded at GBX 2,260 ($28.25), with a volume of 32,939 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on CRW. Shore Capital reissued a “buy” rating on shares of Craneware in a report on Tuesday, December 10th. Berenberg Bank reissued a “buy” rating and set a GBX 2,700 ($33.75) target price on shares of Craneware in a research note on Tuesday, September 3rd.

Craneware Stock Up 2.8 %

The company has a debt-to-equity ratio of 12.22, a current ratio of 0.63 and a quick ratio of 1.00. The business has a fifty day simple moving average of GBX 2,146.80 and a 200 day simple moving average of GBX 2,234.27. The firm has a market cap of £788.08 million, a price-to-earnings ratio of 8,576.92 and a beta of 0.28.

Craneware Company Profile

Craneware plc, together with its subsidiaries, develops, licenses, and supports computer software for the healthcare industry in the United States. The company provides solutions, such as Trisus pricing transparency software; Trisus Pricing Analyzer, a solution that simplifies and automates the price modeling process; Trisus Chargemaster, an automated chargemaster management solution; InSight Medical Necessity, a solution that offers medical necessity for the United States payors; Trisus Claims Informatics, a retrospective charge capture analytical application that identifies areas of risk for its team to investigate; Trisus Supply, a solution that improves supplies reimbursement; and InSight Audit, an audit management solution for government and commercial payors.