CareTech (LON:CTH) Share Price Passes Below Two Hundred Day Moving Average of $644.25

Shares of CareTech Holdings PLC (LON:CTHGet Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 644.25 ($7.89) and traded as low as GBX 628 ($7.69). CareTech shares last traded at GBX 630 ($7.72), with a volume of 13,180 shares traded.

Separately, Berenberg Bank cut shares of CareTech to a “hold” rating and lifted their target price for the stock from GBX 660 ($8.08) to GBX 750 ($9.19) in a research note on Monday, April 4th.

The business’s 50 day moving average is GBX 706.48 and its 200 day moving average is GBX 644.25. The company has a market capitalization of £714.02 million and a price-to-earnings ratio of 22.91. The company has a debt-to-equity ratio of 116.74, a quick ratio of 1.03 and a current ratio of 1.06.

The firm also recently disclosed a dividend, which was paid on Wednesday, May 4th. Shareholders of record on Thursday, March 3rd were paid a dividend of GBX 9.50 ($0.12) per share. This represents a yield of 1.64%. This is a boost from CareTech’s previous dividend of $4.60. The ex-dividend date of this dividend was Thursday, March 3rd. CareTech’s payout ratio is presently 0.46%.

CareTech Company Profile (LON:CTH)

CareTech Holdings PLC provides care and support services for children and adults in the United Kingdom. It operates in four segments: Adults Services, Children's Services, Foster Care, and Digital Technology. The Adult Services segment offers care and residential services for adults with learning disabilities, mental health and autistic spectrum disorders, physical impairment, and brain injury.

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