Bakkavor Group (LON:BAKK) Trading Down 0.3% - Here's Why

Key Points

• Bakkavor Group's share price declined by 0.3% on Wednesday, trading at GBX 211.93 ($2.85) with a significant increase in trade volume of 61% compared to average daily volumes.
• The company reported earnings per share (EPS) of GBX 6.40 for the last quarter, with analysts predicting an annual EPS of approximately 11.58.
• Bakkavor Group, a leading provider of fresh prepared food in the UK, emphasizes its market position and growth potential, especially in the US, with around 14,900 employees across 31 sites.

Bakkavor Group plc (LON:BAKK - Get Free Report)'s share price dropped 0.3% on Wednesday . The company traded as low as GBX 210.50 ($2.83) and last traded at GBX 211.93 ($2.85). Approximately 1,810,858 shares were traded during mid-day trading, an increase of 61% from the average daily volume of 1,125,268 shares. The stock had previously closed at GBX 212.50 ($2.86).

Bakkavor Group Stock Performance

The company's fifty day moving average price is GBX 229.62 and its 200 day moving average price is GBX 205.59. The company has a market cap of £1.23 billion, a PE ratio of 2,230.87, a P/E/G ratio of 0.61 and a beta of 0.63. The company has a debt-to-equity ratio of 53.92, a current ratio of 0.62 and a quick ratio of 0.43.

Bakkavor Group (LON:BAKK - Get Free Report) last posted its quarterly earnings data on Wednesday, September 3rd. The company reported GBX 6.40 earnings per share (EPS) for the quarter. Bakkavor Group had a net margin of 2.86% and a return on equity of 10.43%. On average, equities research analysts predict that Bakkavor Group plc will post 11.5761689 earnings per share for the current year.

Bakkavor Group Company Profile

We are the leading provider of fresh prepared food in the UK, and our presence in the US positions the Group well in this high-growth market. We leverage our consumer insight and scale to provide innovative food that offers quality, choice, convenience, and freshness. Around 14,900 colleagues operate from 31 sites in our two markets supplying a portfolio of c.2,000 products across meals, pizza & bread, salads and desserts to leading grocery retailers in the UK and US.

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