Greencore Group (OTCMKTS:GNCGY) Sees Strong Trading Volume – Still a Buy?

Shares of Greencore Group (OTCMKTS:GNCGY – Get Free Report) saw unusually-high trading volume on Monday. Approximately 13,017 shares changed hands during trading, an increase of 360% from the average daily volume of 2,831 shares. The stock last traded at $16.93 and had previously closed at $15.9750.

Greencore Group Stock Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.64 and a current ratio of 0.74. The company’s fifty day simple moving average is $14.41 and its two-hundred day simple moving average is $12.98.

Greencore Group Company Profile

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Greencore Group plc is a food manufacturer and supplier focused primarily on the convenience food market in the United Kingdom. The company develops, manufactures and distributes chilled, frozen and ambient food products for grocery retailers, foodservice operators and other customers.

Its product portfolio includes ready meals, chilled soups and sauces, quiche, sandwiches, salads, sushi and other food-to-go products. Greencore operates manufacturing facilities and food development capabilities in the UK, supplying products through retail and foodservice channels.

The company has roots in Ireland’s former state-owned sugar business and evolved into a diversified convenience food producer.

Further Reading

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