Craneware (LON:CRW) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

Shares of Craneware plc (LON:CRW) 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 traded.

Analysts Set New Price Targets

CRW has been the topic of a number of research reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 2,700 ($33.86) price objective on shares of Craneware in a research note on Tuesday, September 3rd. Shore Capital restated 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 of GBX 2,161.27 and a 200-day moving average of GBX 2,228.05. 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 stock has a market capitalization of £778.08 million, a P/E ratio of 8,468.05 and a beta of 0.28.

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.