NWF Group (LON:NWF) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

NWF Group plc (LON:NWF) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 158.59 and traded as low as GBX 130. NWF Group shares last traded at GBX 133, with a volume of 151,244 shares changing hands.

Analyst Ratings Changes

Separately, Panmure Gordon restated a “buy” rating and issued a GBX 283 price objective on shares of NWF Group in a research report on Monday, November 24th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, NWF Group has a consensus rating of “Moderate Buy” and an average target price of GBX 283.

NWF Group Price Performance

The business has a 50 day moving average of GBX 131.60 and a 200 day moving average of GBX 158.59. The company has a debt-to-equity ratio of 54.22, a current ratio of 1.08 and a quick ratio of 0.90. The company has a market cap of £65.97 million, a PE ratio of 10.81 and a beta of 0.28.

About NWF Group

NWF Group is a specialist distributor across the UK. Connecting essential suppliers with their customers, making sure what’s vital gets to where it’s needed most.