Naked Wines (LON:WINE) Shares Down 1.3% - Here's Why

Key Points

• Naked Wines plc shares fell by 1.3%, trading at GBX 76 ($1.01), with volume at 22,045 shares, significantly below the average of 246,597 shares.
• Insider Jack Pailing sold 120,000 shares at an average price of GBX 84 ($1.11), contributing to a total of 154,382 shares sold by insiders worth over $13 million in the last quarter.
• The company has a market capitalization of £55.97 million and notable financial metrics, including a debt-to-equity ratio of 20.74 and a price-to-earnings ratio of -2.69.

Shares of Naked Wines plc (LON:WINE - ) were down 1.3% on Friday . The company traded as low as GBX 73.60 ($0.98) and last traded at GBX 76 ($1.01). Approximately 22,045 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 246,597 shares. The stock had previously closed at GBX 77 ($1.02).

Naked Wines Stock Performance

The company has a 50 day moving average price of GBX 80.33 and a 200 day moving average price of GBX 69.66. 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 company has a market capitalization of £55.97 million, a price-to-earnings ratio of -2.69, a P/E/G ratio of 0.40 and a beta of 1.26.

Insiders Place Their Bets

In related news, insider Jack Pailing sold 120,000 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of GBX 84 ($1.11), for a total value of £100,800 ($133,793.47). Insiders have sold a total of 154,382 shares of company stock worth $13,255,330 in the last quarter. Insiders own 15.56% of the company's stock.

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.

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