Wynnstay Group (LON:WYN) Shares Pass Above Fifty Day Moving Average - Time to Sell?

Shares of Wynnstay Group Plc (LON:WYN - Get Free Report) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 348.10 ($4.67) and traded as high as GBX 370 ($4.96). Wynnstay Group shares last traded at GBX 370 ($4.96), with a volume of 36,320 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on WYN. Canaccord Genuity Group lifted their price objective on Wynnstay Group from GBX 430 ($5.77) to GBX 450 ($6.04) and gave the company a "buy" rating in a research note on Tuesday, July 1st. Shore Capital reiterated a "house stock" rating on shares of Wynnstay Group in a report on Tuesday, July 1st.

Wynnstay Group Price Performance

The company has a fifty day moving average price of GBX 349.62 and a two-hundred day moving average price of GBX 320.82. The company has a current ratio of 2.00, a quick ratio of 1.03 and a debt-to-equity ratio of 11.53. The firm has a market capitalization of £84.81 million, a PE ratio of 13.67 and a beta of 0.58.

Wynnstay Group (LON:WYN - Get Free Report) last released its earnings results on Tuesday, July 1st. The company reported GBX 18.10 ($0.24) earnings per share (EPS) for the quarter. Wynnstay Group had a return on equity of 4.69% and a net margin of 0.97%. Sell-side analysts forecast that Wynnstay Group Plc will post 24.9054054 earnings per share for the current year.

Insiders Place Their Bets

In other Wynnstay Group news, insider David Christensen purchased 3,000 shares of Wynnstay Group stock in a transaction on Tuesday, April 29th. The shares were bought at an average price of GBX 325 ($4.36) per share, with a total value of £9,750 ($13,078.47). Also, insider Catherine Bradshaw purchased 4,000 shares of Wynnstay Group stock in a transaction on Wednesday, July 2nd. The shares were acquired at an average cost of GBX 381 ($5.11) per share, for a total transaction of £15,240 ($20,442.66). 26.31% of the stock is currently owned by corporate insiders.

Wynnstay Group Company Profile

Wynnstay is a leading UK provider of agricultural supplies and services to farmers and rural communities, mainly in England and Wales. It manufactures and supplies a comprehensive range of agricultural inputs for both livestock and arable farmers, including feed, seed and fertiliser. Through its crop marketing arm, GrainLink, it also provides a channel for arable farmers to sell their grain, and its specialist teams provide advice on the latest farming techniques, including environmental measures, and animal health and nutrition. Wynnstay supplies both direct-to-farm and via its extensive network of depots.