The Character Group (LON:CCT) Shares Cross Above 50 Day Moving Average – What’s Next?

The Character Group plc (LON:CCT) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 247.52 ($3.40) and traded as high as GBX 260 ($3.57). The Character Group shares last traded at GBX 255.65 ($3.51), with a volume of 4,237 shares.

The Character Group Stock Performance

The stock has a market cap of £47.25 million, a P/E ratio of 9.05 and a beta of 0.91. The firm has a 50 day moving average of GBX 247.52 and a two-hundred day moving average of GBX 256.71. The company has a debt-to-equity ratio of 5.99, a quick ratio of 1.17 and a current ratio of 1.71.

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

The Character Group announced that its board has initiated a stock repurchase program on Friday, May 30th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The Character Group Company Profile

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.