Kitwave Group plc (LON:KITW - Get Free Report)'s share price traded down 2.4% during trading on Monday . The company traded as low as GBX 224 ($3.03) and last traded at GBX 228 ($3.08). 447,837 shares changed hands during trading, an increase of 30% from the average session volume of 345,221 shares. The stock had previously closed at GBX 233.69 ($3.16).
Analyst Upgrades and Downgrades
Separately, Canaccord Genuity Group decreased their price objective on Kitwave Group from GBX 495 to GBX 420 and set a "buy" rating for the company in a research note on Tuesday, July 1st. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of GBX 457.50.
Check Out Our Latest Research Report on KITW
Kitwave Group Stock Up 0.4%
The firm has a 50 day moving average price of GBX 259.84 and a 200-day moving average price of GBX 276.43. The company has a current ratio of 1.02, a quick ratio of 0.65 and a debt-to-equity ratio of 103.83. The firm has a market cap of £184.36 million, a PE ratio of 9.55 and a beta of 0.78.
Kitwave Group (LON:KITW - Get Free Report) last issued its earnings results on Tuesday, July 1st. The company reported GBX 7.90 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 forecast that Kitwave Group plc will post 33.0838323 EPS for the current fiscal year.
Insider Buying and Selling at Kitwave Group
In other Kitwave Group news, insider Gerard T. Murray bought 15,000 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were acquired at an average price of GBX 238 per share, with a total value of £35,700. Company insiders own 14.99% of the company's stock.
Kitwave Group Company Profile
(
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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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