The Character Group (LON:CCT) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Shares of The Character Group plc (LON:CCT) passed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 248.70 ($3.37) and traded as low as GBX 240.88 ($3.26). The Character Group shares last traded at GBX 245.50 ($3.33), with a volume of 11,361 shares traded.

The Character Group Stock Up 0.9%

The company has a current ratio of 1.71, a quick ratio of 1.17 and a debt-to-equity ratio of 5.99. The stock has a market cap of £44.94 million, a P/E ratio of 8.61 and a beta of 0.91. The firm has a 50-day simple moving average of GBX 248.70 and a two-hundred day simple moving average of GBX 258.52.

The Character Group (LON:CCT) last posted its quarterly earnings data on Friday, May 16th. The company reported GBX 8.59 ($0.12) earnings per share for the quarter. The Character Group had a return on equity of 14.13% and a net margin of 4.47%. Equities research analysts expect that The Character Group plc will post 14.7856377 earnings per share for the current fiscal year.

The Character Group declared that its board has authorized a stock repurchase program on Friday, May 30th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

About The Character Group

The Character Group plc is the largest independent toy company based in the United Kingdom. We design, manufacture and distribute a wide range of toys, games and playthings. Many of our products feature or are based on popular film, television, comic and digital characters, reproduced under licence from the brand owners.