Coral Products (LON:CRU) Trading Up 14.8% – Time to Buy?

Coral Products PLC (LON:CRU) shares rose 14.8% during trading on Tuesday . The stock traded as high as GBX 7.75 ($0.10) and last traded at GBX 7.18 ($0.09). Approximately 445,199 shares changed hands during mid-day trading, an increase of 141% from the average daily volume of 184,553 shares. The stock had previously closed at GBX 6.25 ($0.08).

Coral Products Price Performance

The firm has a fifty day moving average of GBX 7.21 and a two-hundred day moving average of GBX 9.80. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 93.25. The company has a market capitalization of £6.23 million, a PE ratio of -700.00 and a beta of 0.64.

Coral Products Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, January 17th. Shareholders of record on Thursday, December 12th will be given a GBX 0.25 ($0.00) dividend. The ex-dividend date of this dividend is Thursday, December 12th. This represents a yield of 4%. Coral Products’s payout ratio is currently -10,000.00%.

About Coral Products

Coral Products PLC is a manufacturer and distributor of plastic products within a wide range of sectors.
The Group has operations in the UK with manufacturing facilities in Wythenshawe and Denton, Greater Manchester and a distribution facility in Hyde, Greater Manchester.