Kitwave Group (LON:KITW) Shares Down 0.6% – Should You Sell?

Kitwave Group plc (LON:KITW) shares dropped 0.6% on Wednesday . The stock traded as low as GBX 320 ($4.29) and last traded at GBX 328 ($4.40). Approximately 116,537 shares traded hands during trading, a decline of 60% from the average daily volume of 291,808 shares. The stock had previously closed at GBX 330 ($4.43).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 495 ($6.64) price target on shares of Kitwave Group in a report on Wednesday, May 7th.

Kitwave Group Trading Down 0.6%

The company has a fifty day moving average of GBX 277.73 and a two-hundred day moving average of GBX 293.11. The company has a quick ratio of 0.65, a current ratio of 1.02 and a debt-to-equity ratio of 103.83. The stock has a market capitalization of £262.92 million, a price-to-earnings ratio of 13.62 and a beta of 0.78.

Kitwave Group (LON:KITW) last announced its quarterly earnings data on Tuesday, March 4th. The company reported GBX 23.50 ($0.32) EPS for the quarter. Kitwave Group had a net margin of 2.83% and a return on equity of 20.87%. On average, research analysts expect that Kitwave Group plc will post 33.0838323 EPS for the current year.

Insider Transactions at Kitwave Group

In other Kitwave Group news, insider Ben Maxted purchased 20,000 shares of Kitwave Group stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average cost of GBX 258 ($3.46) per share, with a total value of £51,600 ($69,196.73). Company insiders own 14.99% of the company’s stock.

Kitwave Group Company Profile

Kitwave Group plc is a delivered wholesale business with over 2,100 employees and a network of 37 depots able to support delivery throughout the UK, specialising in selling impulse products (such as confectionery, soft drinks, snacks, ice cream), frozen and chilled foods, alcohol, groceries and tobacco to over 46,000, mainly independent, customers.