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Coral Products ( (GB:CRU) ) has shared an announcement.
Coral Products plc announced that David Low, the Senior Non-Executive Director, purchased 25,000 ordinary shares at 8.26 pence each, increasing his total holding to 1,400,000 shares, which represents 1.57% of the issued ordinary shares. This transaction, deemed inside information under UK MAR, reflects a vote of confidence in the company’s prospects and could influence stakeholder perceptions positively.
Spark’s Take on GB:CRU Stock
According to Spark, TipRanks’ AI Analyst, GB:CRU is a Neutral.
Coral Products’ overall stock score reflects a balance of financial challenges and positive future prospects. Key weaknesses include declining revenue and profitability, as well as high leverage. However, improvements in cash flow management and positive corporate events, such as insider share purchases and strategic acquisitions, provide optimism. Technical indicators show moderate upward momentum, while the attractive dividend yield offers some compensation for the current valuation concerns.
To see Spark’s full report on GB:CRU stock, click here.
More about Coral Products
Coral Products plc is a group of specialist businesses based in Wythenshawe, Manchester, focusing on the design, UK manufacture, and omni-channel supply of bespoke plastic products.
Average Trading Volume: 93,787
Technical Sentiment Signal: Sell
Current Market Cap: £6.9M
See more data about CRU stock on TipRanks’ Stock Analysis page.