Craneware (LON:CRW) Trading Up 8.2% After Dividend Announcement

Craneware plc (LON:CRW)’s stock price shot up 8.2% during trading on Tuesday following a dividend announcement from the company. The stock traded as high as GBX 2,300 ($30.24) and last traded at GBX 2,239 ($29.44). 304,186 shares changed hands during mid-day trading, an increase of 302% from the average session volume of 75,699 shares. The stock had previously closed at GBX 2,070 ($27.22).

The newly announced dividend which will be paid on Wednesday, December 18th. Investors of record on Thursday, November 28th will be issued a GBX 16 ($0.21) dividend. This is a positive change from Craneware’s previous dividend of $13.00. The ex-dividend date of this dividend is Thursday, November 28th. This represents a dividend yield of 0.77%. Craneware’s payout ratio is presently 14,500.00%.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank boosted their price target on Craneware from GBX 2,600 ($34.19) to GBX 2,700 ($35.50) and gave the company a “buy” rating in a report on Thursday, July 18th.

Craneware Stock Performance

The business has a fifty day simple moving average of GBX 2,328.48 and a two-hundred day simple moving average of GBX 2,263.55. The company has a debt-to-equity ratio of 19.15, a current ratio of 0.78 and a quick ratio of 1.00. The company has a market cap of £786.22 million, a PE ratio of 10,350.00 and a beta of 0.37.

About Craneware

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.