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

NWF Group plc (LON:NWF)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 151.85 and traded as low as GBX 132.22. NWF Group shares last traded at GBX 132.22, with a volume of 46,602 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Panmure Gordon reaffirmed a “buy” rating and set a GBX 283 price objective on shares of NWF Group in a research note on Monday, November 24th. Shore Capital Group restated a “hold” rating on shares of NWF Group in a research report on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of GBX 283.

NWF Group Price Performance

The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 130.82. The stock’s 50-day moving average price is GBX 135.32 and its 200-day moving average price is GBX 151.85. The company has a market capitalization of £65.58 million, a price-to-earnings ratio of 12.59 and a beta of 0.20.

NWF Group (LON:NWF) last issued its quarterly earnings results on Tuesday, February 3rd. The company reported GBX 1.60 earnings per share for the quarter. NWF Group had a net margin of 0.60% and a return on equity of 6.02%. Equities research analysts anticipate that NWF Group plc will post 17.4489796 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Amanda Burton acquired 18,470 shares of the company’s stock in a transaction on Friday, February 13th. The stock was purchased at an average cost of GBX 134 per share, with a total value of £24,749.80. 3.67% of the stock is currently owned by insiders.

NWF Group Company Profile

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.