Greencore Group (LON:GNC) Stock Price Crosses Below 200 Day Moving Average - Here's Why

Greencore Group plc (LON:GNC - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 195.97 ($2.54) and traded as low as GBX 182 ($2.36). Greencore Group shares last traded at GBX 183.60 ($2.38), with a volume of 640,245 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a "house stock" rating on shares of Greencore Group in a research report on Monday, March 17th.

Greencore Group Trading Up 0.5 %

The stock has a market capitalization of £774.72 million, a P/E ratio of 16.10, a PEG ratio of 0.10 and a beta of 1.19. The stock's fifty day moving average price is GBX 192.74 and its 200 day moving average price is GBX 195.75. The company has a debt-to-equity ratio of 55.60, a current ratio of 0.70 and a quick ratio of 0.62.

Greencore Group Cuts Dividend

The business also recently declared a dividend, which was paid on Thursday, February 6th. Stockholders of record on Thursday, January 9th were paid a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 1.01%. The ex-dividend date was Thursday, January 9th. Greencore Group's dividend payout ratio is presently 54.26%.

About Greencore Group

We are a leading manufacturer of convenience food in the UK and our purpose is to make every day taste better. To help us achieve this we have a model called The Greencore Way, which is built on the differentiators of People at the Core, Great Food, Delivery Excellence, Lasting Partnerships and Sustainable Choices – The Greencore Way describes both who we are and how we will succeed. We supply all of the major supermarkets in the UK.