CareTech (LON:CTH) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

CareTech Holdings PLC (LON:CTHGet Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 750 ($9.79) and traded as high as GBX 750 ($9.79). CareTech shares last traded at GBX 750 ($9.79), with a volume of 424,247 shares trading hands.

CareTech Stock Performance

The firm has a market capitalization of £850.02 million and a P/E ratio of 10,714.29. The company has a debt-to-equity ratio of 110.31, a current ratio of 0.95 and a quick ratio of 0.91. The stock’s 50 day moving average is GBX 750 and its two-hundred day 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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