Naked Wines plc (LON:WINE - Get Free Report) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 72.45 and traded as high as GBX 76.40. Naked Wines shares last traded at GBX 73, with a volume of 89,034 shares trading hands.
Naked Wines Stock Up 1.7%
The business has a 50 day moving average of GBX 72.45 and a 200 day moving average of GBX 73.05. The company has a debt-to-equity ratio of 8.40, a current ratio of 1.50 and a quick ratio of 0.29. The firm has a market capitalization of £50.08 million, a price-to-earnings ratio of -35.34, a price-to-earnings-growth ratio of 0.40 and a beta of 1.33.
Naked Wines declared that its Board of Directors has approved a share repurchase plan on Monday, March 23rd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's management believes its stock is undervalued.
Insider Activity at Naked Wines
In other news, insider Jack Pailing bought 38,000 shares of the business's stock in a transaction that occurred on Wednesday, March 18th. The stock was acquired at an average cost of GBX 62 per share, for a total transaction of £23,560. Insiders acquired 70,000 shares of company stock valued at $4,712,000 in the last three months. Corporate insiders own 17.93% of the company's stock.
Naked Wines Company Profile
(
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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.
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