NWF Group (LON:NWF) Stock Passes Below 200 Day Moving Average – Here’s Why

NWF Group plc (LON:NWF) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 150.56 and traded as low as GBX 130. NWF Group shares last traded at GBX 130.50, with a volume of 146,193 shares trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on NWF. Panmure Gordon restated 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 reiterated a “hold” rating on shares of NWF Group in a report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 283.

NWF Group Price Performance

The stock has a market cap of £64.73 million, a PE ratio of 12.43 and a beta of 0.20. The company has a debt-to-equity ratio of 130.82, a quick ratio of 0.90 and a current ratio of 0.97. The business has a 50 day moving average price of GBX 135.54 and a two-hundred day moving average price of GBX 150.56.

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

Insider Activity

In other NWF Group news, insider Amanda Burton bought 18,470 shares of the firm’s stock in a transaction dated 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 corporate insiders.

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.