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

Craneware plc (LON:CRW) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CRW shares. Shore Capital restated 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) target price on shares of Craneware in a research note on Tuesday, September 3rd.

Craneware Stock Performance

The company has a quick ratio of 1.00, a current ratio of 0.63 and a debt-to-equity ratio of 12.22. The business has a 50 day moving average of GBX 2,136.80 and a 200 day moving average of GBX 2,234.26. The company has a market capitalization of £798.68 million, a P/E ratio of 8,692.31 and a beta of 0.28.

Craneware Company Profile

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.