Craneware (LON:CRW) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

Craneware plc (LON:CRW)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 2,228.05 ($27.94) and traded as high as GBX 2,243 ($28.13). Craneware shares last traded at GBX 2,201.69 ($27.61), with a volume of 18,617 shares.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CRW. Berenberg Bank restated a “buy” rating and issued a GBX 2,700 ($33.86) price target on shares of Craneware in a report on Tuesday, September 3rd. Shore Capital reissued a “buy” rating on shares of Craneware in a research report on Tuesday, December 10th.

Craneware Price Performance

The stock has a 50-day moving average price of GBX 2,161.27 and a two-hundred day moving average price of GBX 2,228.05. The stock has a market cap of £778.08 million, a price-to-earnings ratio of 8,468.05 and a beta of 0.28. The company has a current ratio of 0.63, a quick ratio of 1.00 and a debt-to-equity ratio of 12.22.

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.