Norish (LON:NSH) Shares Pass Below Fifty Day Moving Average – Here’s What Happened

Shares of Norish Plc (LON:NSHGet Free Report) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 175 ($2.34) and traded as low as GBX 175 ($2.34). Norish shares last traded at GBX 175 ($2.34), with a volume of 14,544 shares trading hands.

Norish Stock Performance

The company has a debt-to-equity ratio of 52.87, a current ratio of 0.82 and a quick ratio of 0.79. The business’s 50-day moving average is GBX 175 and its 200 day moving average is GBX 175. The firm has a market capitalization of £52.62 million and a P/E ratio of 28.69.

About Norish

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Norish Plc, together with its subsidiaries, provides temperature controlled warehousing and logistics services to food manufacturers, importers, wholesalers, retailers, and distributors. The company operates through Product Sourcing Business, Temperature Controlled, and Dairy Farming segments. It offers bonded and cold storage, handling, blast freezing, de-vanning, picking and packing, and cross-docking and distribution services.

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