Shares of Kitwave Group plc (LON:KITW - Get Free Report) were down 0.6% on Wednesday . The stock traded as low as GBX 320 ($4.32) and last traded at GBX 328 ($4.43). Approximately 116,537 shares changed hands during mid-day trading, a decline of 60% from the average daily volume of 291,808 shares. The stock had previously closed at GBX 330 ($4.46).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 495 ($6.69) target price on shares of Kitwave Group in a research note on Wednesday, May 7th.
Get Our Latest Research Report on KITW
Kitwave Group Stock Up 0.3%
The firm has a 50 day simple moving average of GBX 282.57 and a two-hundred day simple moving average of GBX 292.82. The company has a market capitalization of £267.72 million, a PE ratio of 13.87 and a beta of 0.78. The company has a current ratio of 1.02, a quick ratio of 0.65 and a debt-to-equity ratio of 103.83.
Kitwave Group (LON:KITW - Get Free Report) last announced its earnings results on Tuesday, March 4th. The company reported GBX 23.50 ($0.32) earnings per share for the quarter. Kitwave Group had a return on equity of 20.87% and a net margin of 2.83%. Research analysts expect that Kitwave Group plc will post 33.0838323 EPS for the current year.
Insider Buying and Selling at Kitwave Group
In other Kitwave Group news, insider Ben Maxted purchased 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of GBX 258 ($3.49) per share, for a total transaction of £51,600 ($69,729.73). Company insiders own 14.99% of the company's stock.
About Kitwave Group
(
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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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