The Character Group (LON:CCT) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

The Character Group plc (LON:CCT) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 280.62 ($3.80) and traded as high as GBX 330 ($4.47). The Character Group shares last traded at GBX 311 ($4.22), with a volume of 7,484 shares changing hands.

The Character Group Price Performance

The stock has a market capitalization of £57.48 million, a PE ratio of 11.01 and a beta of 0.91. The business’s 50-day moving average price is GBX 280.62 and its 200 day moving average price is GBX 263.40. 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 released its quarterly earnings results on Friday, May 16th. The company reported GBX 8.59 ($0.12) earnings per share for the quarter. The Character Group had a net margin of 4.47% and a return on equity of 14.13%. Research analysts forecast that The Character Group plc will post 14.7856377 earnings per share for the current year.

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