Kitwave Group (LON:KITW) Stock Price Down 0.6%

Kitwave Group plc (LON:KITW) shares were down 0.6% during mid-day trading on Thursday . The stock traded as low as GBX 350 ($4.36) and last traded at GBX 350.50 ($4.36). Approximately 91,327 shares traded hands during trading, a decline of 40% from the average daily volume of 152,535 shares. The stock had previously closed at GBX 352.50 ($4.39).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lifted their price target on shares of Kitwave Group from GBX 435 ($5.42) to GBX 455 ($5.66) and gave the stock a “buy” rating in a research note on Thursday, March 28th.

Kitwave Group Price Performance

The company has a debt-to-equity ratio of 69.96, a quick ratio of 0.65 and a current ratio of 1.29. The stock has a market capitalization of £245.74 million, a P/E ratio of 1,348.08 and a beta of 0.86. The firm has a fifty day moving average price of GBX 333.14 and a two-hundred day moving average price of GBX 286.43.

Kitwave Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, April 4th will be paid a dividend of GBX 7.45 ($0.09) per share. This represents a yield of 2.51%. The ex-dividend date is Thursday, April 4th. This is an increase from Kitwave Group’s previous dividend of $3.75. Kitwave Group’s dividend payout ratio (DPR) is 4,230.77%.

Kitwave Group Company Profile

Kitwave Group plc engages in the wholesale business in the United Kingdom. It operates in three divisions: Ambient, Frozen & Chilled, and Foodservice. The Ambient division supplies confectionery, soft drinks, crisps and snacks, and tobacco. This division serves independent convenience stores, vending operators, national retailers, and other UK wholesalers.