CareTech (LON:CTH) Stock Crosses Below Two Hundred Day Moving Average of $616.94

CareTech Holdings PLC (LON:CTH)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 616.94 ($8.06) and traded as low as GBX 577 ($7.54). CareTech shares last traded at GBX 577 ($7.54), with a volume of 146,050 shares.

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 700 ($9.15) price target on shares of CareTech in a research report on Thursday, October 14th.

The stock has a market cap of £653.95 million and a price-to-earnings ratio of 13.02. The company has a 50-day simple moving average of GBX 635.68 and a two-hundred day simple moving average of GBX 616.94. The company has a debt-to-equity ratio of 111.66, a quick ratio of 1.02 and a current ratio of 1.04.

About CareTech (LON:CTH)

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

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