CareTech (LON:CTH) Stock Price Passes Below 200 Day Moving Average – Here’s Why

CareTech Holdings PLC (LON:CTHGet Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 750 ($10.03) and traded as low as GBX 748 ($10.01). CareTech shares last traded at GBX 750 ($10.03), with a volume of 424,247 shares traded.

CareTech Stock Performance

The company has a market cap of £850.02 million and a price-to-earnings ratio of 10,714.29. The company has a debt-to-equity ratio of 110.31, a quick ratio of 0.91 and a current ratio of 0.95. The firm’s 50 day simple moving average is GBX 750 and its 200-day simple moving average is GBX 750.

CareTech Company Profile

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CareTech Holdings PLC provides care and support services for children and adults in the United Kingdom. It operates in four segments: Adults Services, Children's Services, Foster Care, and Digital Technology. The Adult Services segment offers care and residential services for adults with learning disabilities, mental health and autistic spectrum disorders, physical impairment, and brain injury.

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