Craneware (LON:CRW) Shares Pass Above 200-Day Moving Average – What’s Next?

Craneware plc (LON:CRW) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 2,234.26 ($28.40) and traded as high as GBX 2,300 ($29.24). Craneware shares last traded at GBX 2,260 ($28.73), with a volume of 32,939 shares.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CRW shares. Shore Capital reaffirmed a “buy” rating on shares of Craneware in a research report on Tuesday, December 10th. Berenberg Bank reiterated a “buy” rating and set a GBX 2,700 ($34.32) price target on shares of Craneware in a research report on Tuesday, September 3rd.

Craneware Stock Performance

The company has a current ratio of 0.63, a quick ratio of 1.00 and a debt-to-equity ratio of 12.22. The firm has a market cap of £798.68 million, a price-to-earnings ratio of 8,692.31 and a beta of 0.28. The firm’s fifty day moving average price is GBX 2,136.80 and its 200-day moving average price is GBX 2,234.26.

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.