Kitwave Group (LON:KITW) Hits New 12-Month Low - Here's Why

Key Points

• Kitwave Group plc's stock price reached a new 52-week low, trading at GBX 213 ($2.85) during mid-day trading on Wednesday.
• Analysts at Canaccord Genuity Group downgraded their target price for Kitwave Group from GBX 495 to GBX 420 while maintaining a "buy" rating on the stock.
• The company has a significant debt-to-equity ratio of 103.83 and a market capitalization of £182.55 million, reflecting challenges in its financial performance.

Kitwave Group plc (LON:KITW - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 213 ($2.85) and last traded at GBX 218 ($2.91), with a volume of 332260 shares traded. The stock had previously closed at GBX 216 ($2.89).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group decreased their target price on shares of Kitwave Group from GBX 495 to GBX 420 and set a "buy" rating on the stock in a research report on Tuesday, July 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of GBX 457.50.

Kitwave Group Stock Performance

The company has a debt-to-equity ratio of 103.83, a current ratio of 1.02 and a quick ratio of 0.65. The company has a market capitalization of £182.55 million, a price-to-earnings ratio of 10.53 and a beta of 0.78. The company's 50-day moving average price is GBX 228.19 and its two-hundred day moving average price is GBX 264.43.

Kitwave Group Company Profile

Kitwave Group plc is a delivered wholesale business with over 2,100 employees and a network of 37 depots able to support delivery throughout the UK, specialising in selling impulse products (such as confectionery, soft drinks, snacks, ice cream), frozen and chilled foods, alcohol, groceries and tobacco to over 46,000, mainly independent, customers.

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