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

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

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 495 ($6.64) price objective on shares of Kitwave Group in a research note on Wednesday, May 7th.

Kitwave Group Stock Performance

The stock’s 50-day moving average price is GBX 277.73 and its 200-day moving average price is GBX 293.11. The company has a market capitalization of £262.92 million, a price-to-earnings ratio of 13.62 and a beta of 0.78. The company has a debt-to-equity ratio of 103.83, a quick ratio of 0.65 and a current ratio of 1.02.

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

Insider Activity

In other Kitwave Group news, insider Ben Maxted purchased 20,000 shares of Kitwave Group stock in a transaction on Wednesday, March 5th. The shares were bought at an average price 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.