Craneware (LON:CRW) Sets New 12-Month Low – Here’s What Happened

Craneware plc (LON:CRW) shares hit a new 52-week low on Thursday . The company traded as low as GBX 1,670 ($21.54) and last traded at GBX 1,678.40 ($21.65), with a volume of 5047 shares trading hands. The stock had previously closed at GBX 1,720 ($22.19).

Wall Street Analyst Weigh In

CRW has been the topic of several research analyst reports. Shore Capital reiterated a “buy” rating on shares of Craneware in a research report on Tuesday, March 11th. Berenberg Bank reiterated a “buy” rating and set a GBX 2,800 ($36.12) target price on shares of Craneware in a report on Tuesday, March 11th.

Craneware Price Performance

The firm has a market cap of £665.98 million, a PE ratio of 57.27 and a beta of 0.28. 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 firm has a 50-day simple moving average of GBX 1,868.52 and a 200 day simple moving average of GBX 2,038.61.

Craneware Cuts Dividend

The firm also recently declared 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 ($0.17) per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a yield of 0.71%. Craneware’s dividend payout ratio (DPR) is currently 107.14%.

Craneware Company Profile

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.