CareTech (LON:CTH) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of CareTech Holdings PLC (LON:CTHGet Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 750 ($9.45) and traded as low as GBX 748 ($9.43). CareTech shares last traded at GBX 750 ($9.45), with a volume of 424,247 shares traded.

CareTech Price Performance

The company’s 50-day simple moving average is GBX 750 and its 200-day simple moving average is GBX 750. The company has a debt-to-equity ratio of 110.31, a current ratio of 0.95 and a quick ratio of 0.91. The stock has a market capitalization of £850.02 million and a price-to-earnings ratio of 10,714.29.

CareTech Company Profile

(Get Free Report)

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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