Naked Wines (LON:WINE) Releases Quarterly Earnings Results

Key Points

• Naked Wines reported a quarterly earnings loss, with an EPS of GBX -6.60 and a negative net margin of 7.18%.
• Despite the losses, the company's stock rose 2.1% during trading, reaching GBX 79.60 per share.
• Insiders sold over 154,000 shares of the company stock in recent months, indicating potential concerns about the company's future performance.

Naked Wines (LON:WINE - Get Free Report) announced its quarterly earnings results on Tuesday. The company reported GBX (6.60) (($0.09)) earnings per share for the quarter, Digital Look Earnings reports. Naked Wines had a negative return on equity of 25.19% and a negative net margin of 7.18%.

Naked Wines Stock Up 1.8%

LON:WINE opened at GBX 79 ($1.06) on Thursday. Naked Wines has a fifty-two week low of GBX 42 ($0.56) and a fifty-two week high of GBX 95 ($1.27). The company's 50-day simple moving average is GBX 80.09 and its 200-day simple moving average is GBX 70.51. The company has a debt-to-equity ratio of 20.74, a quick ratio of 0.29 and a current ratio of 1.53. The stock has a market capitalization of £58.18 million, a P/E ratio of -2.79, a P/E/G ratio of 0.40 and a beta of 1.26.

Insiders Place Their Bets

In other Naked Wines news, insider Jack Pailing sold 120,000 shares of the firm's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of GBX 84 ($1.12), for a total value of £100,800 ($134,651.35). In the last quarter, insiders sold 154,382 shares of company stock worth $13,255,330. 15.56% of the stock is owned by insiders.

Naked Wines Company Profile

Naked Wines plc, together with its subsidiaries, engages in the retailing of wines and spirits in the United Kingdom, the United States, and Australia. The company offers its products online.