Kitwave Group plc (LON:KITW - Get Free Report) shares were up 2.4% on Friday . The stock traded as high as GBX 260.42 ($3.48) and last traded at GBX 256 ($3.42). Approximately 519,403 shares traded hands during mid-day trading, an increase of 49% from the average daily volume of 348,964 shares. The stock had previously closed at GBX 250 ($3.34).
Wall Street Analyst Weigh In
Separately, Canaccord Genuity Group cut their price target on Kitwave Group from GBX 495 ($6.61) to GBX 420 ($5.61) and set a "buy" rating for the company in a report on Tuesday, July 1st.
Read Our Latest Analysis on KITW
Kitwave Group Stock Down 0.8%
The firm has a 50 day moving average price of GBX 291.29 and a two-hundred day moving average price of GBX 283.30. The company has a quick ratio of 0.65, a current ratio of 1.02 and a debt-to-equity ratio of 103.83. The company has a market capitalization of £206.00 million, a price-to-earnings ratio of 10.67 and a beta of 0.78.
Kitwave Group (LON:KITW - Get Free Report) last posted its quarterly earnings results on Tuesday, July 1st. The company reported GBX 7.90 ($0.11) EPS for the quarter. Kitwave Group had a return on equity of 20.87% and a net margin of 2.83%. As a group, sell-side analysts expect that Kitwave Group plc will post 33.0838323 earnings per share for the current year.
Insider Buying and Selling at Kitwave Group
In other Kitwave Group news, insider Gerard T. Murray purchased 15,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were bought at an average price of GBX 238 ($3.18) per share, with a total value of £35,700 ($47,676.28). Company insiders own 14.99% of the company's stock.
About Kitwave Group
(
Get Free Report)
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.
Read More
Before you consider Kitwave Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kitwave Group wasn't on the list.
While Kitwave Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.