Crimson Tide (LON:TIDE) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Crimson Tide plc (LON:TIDE) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 89.75 and traded as low as GBX 85. Crimson Tide shares last traded at GBX 94.80, with a volume of 2,301 shares.

Crimson Tide Stock Down 5.6%

The stock’s fifty day moving average is GBX 90.10 and its 200 day moving average is GBX 89.68. The company has a current ratio of 2.77, a quick ratio of 4.25 and a debt-to-equity ratio of 3.12. The company has a market capitalization of £5.59 million, a P/E ratio of 20.19 and a beta of 0.98.

Crimson Tide (LON:TIDE) last announced its quarterly earnings results on Monday, August 3rd. The company reported GBX 4.21 earnings per share (EPS) for the quarter. Crimson Tide had a net margin of 4.72% and a return on equity of 4.92%. Research analysts predict that Crimson Tide plc will post 4.1029467 EPS for the current fiscal year.

Insider Buying and Selling at Crimson Tide

In other Crimson Tide news, insider James Richard Joyce bought 11,345 shares of the business’s stock in a transaction that occurred on Monday, August 24th. The shares were bought at an average cost of GBX 87 per share, with a total value of £9,870.15. Corporate insiders own 25.75% of the company’s stock.

About Crimson Tide

Crimson Tide plc provides mobility solutions and related software development services primarily in the United Kingdom and Ireland. It provides mpro5, a mobile business solution that provides software, Windows Azure cloud infrastructure, and installation and support, as well as job scheduling, alerting, and reporting services. The company is also involved in reselling third party software, and related development and support services. Crimson Tide plc was incorporated in 1911 and is based in Tunbridge Wells, the United Kingdom.