Craneware (LON:CRW) traded up 8.2% after the dividend was announced

Craneware plc ( LON:CRW – Get Free Report ) share price rose 8.2% in trading on Tuesday following the company’s dividend announcement. Shares traded as high as GBX 2,300 ($30.24) and last traded at GBX 2,239 ($29.44). 304,186 shares changed hands during mid-day trading, up 302% from the session’s average volume of 75,699 shares. The stock had previously closed at GBX 2,070 ($27.22).

The new dividend announced which will be paid on Wednesday, December 18th. Investors of record on Thursday, November 28th will be issued a dividend of GBX 16 ($0.21). This is a positive change from Craneware’s previous dividend of $13.00. The ex-dividend date of this dividend is Thursday, November 28. This represents a dividend yield of 0.77%. Craneware’s payout ratio is currently 14,500.00%.

Analyst upgrades and downgrades

Separately, Berenberg Bank upped their target price on Craneware from GBX 2,600 ($34.19) to GBX 2,700 ($35.50) and gave the company a “buy” rating in a report on Thursday, July 18th .

Read the latest stock analysis on Craneware

Crane stock performance

The company has a fifty day simple moving average of GBX 2,328.48 and a two hundred day simple moving average of GBX 2,263.55. The company has a debt-to-equity ratio of 19.15, a current ratio of 0.78, and a quick ratio of 1.00. The company has a market cap of £786.22 million, a PE ratio of 10,350.00 and a beta of 0.37.

About Craneware

(Get a free report)

Craneware plc, together with its subsidiaries, develops, licenses and supports computer software for the healthcare industry in the United States. The company offers solutions such as Trisus price transparency software; Trisus Pricing Analyzer, a solution that simplifies and automates the pricing modeling process; Trisus Chargemaster, an automated chargemaster management solution; InSight Medical Necessity, a solution that provides medical necessity to payers in the United States; Trisus Claims Informatics, a retrospective charge capture analytics application that identifies areas of risk for its team to investigate; Trisus Supply, a solution that improves consumable reimbursement; and InSight Audit, an audit management solution for government and commercial payers.

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