NWF Group (LON:NWF) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

NWF Group plc (LON:NWF)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 148.98 and traded as low as GBX 131. NWF Group shares last traded at GBX 132, with a volume of 134,038 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reissued a “hold” rating on shares of NWF Group in a research note on Tuesday, February 3rd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, NWF Group currently has a consensus rating of “Moderate Buy” and an average price target of GBX 283.

NWF Group Trading Down 0.4%

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 company’s 50-day moving average is GBX 135.43 and its 200-day moving average is GBX 148.98. The stock has a market capitalization of £65.47 million, a price-to-earnings ratio of 12.57 and a beta of 0.20.

NWF Group (LON:NWF) last posted its 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%. Research analysts anticipate that NWF Group plc will post 17.4489796 earnings per share for the current fiscal year.

Insider Activity at NWF Group

In other NWF Group news, insider Amanda Burton acquired 18,470 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were purchased at an average cost of GBX 134 per share, for a total transaction of £24,749.80. Insiders own 3.67% of the company’s stock.

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.