Cairn Homes (LON:CRN) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of Cairn Homes plc (LON:CRN) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 179.48 ($2.26) and traded as high as GBX 193 ($2.43). Cairn Homes shares last traded at GBX 190.40 ($2.39), with a volume of 360,454 shares trading hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 175 ($2.20) price target on shares of Cairn Homes in a research report on Thursday, September 5th.

Cairn Homes Stock Performance

The company has a market capitalization of £1.18 billion, a price-to-earnings ratio of 1,344.86 and a beta of 1.12. The stock has a 50 day simple moving average of GBX 179.48 and a 200 day simple moving average of GBX 162.84. The company has a quick ratio of 0.22, a current ratio of 9.29 and a debt-to-equity ratio of 39.97.

Cairn Homes Company Profile

Cairn Homes plc, a holding company, operates as a home and community builder in Ireland. The company engages in the development and sale of residential properties, as well as rental of properties. It also provides financial services. Cairn Homes plc was incorporated in 2014 and is based in Dublin, Ireland.