NWF Group (LON:NWF) Stock Price Passes Below 200 Day Moving Average of $209.47

NWF Group plc (LON:NWF)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 209.47 ($2.65) and traded as low as GBX 202.06 ($2.55). NWF Group shares last traded at GBX 203 ($2.57), with a volume of 21,752 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “hold” rating on shares of NWF Group in a research note on Wednesday, January 31st.

NWF Group Stock Performance

The stock has a market cap of £100.36 million, a PE ratio of 780.77 and a beta of 0.29. The company has a quick ratio of 0.90, a current ratio of 1.07 and a debt-to-equity ratio of 34.67. The firm has a 50 day moving average price of GBX 199.08 and a 200 day moving average price of GBX 209.47.

NWF Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, May 1st. Investors of record on Thursday, March 21st will be given a GBX 1 ($0.01) dividend. This represents a dividend yield of 0.45%. The ex-dividend date is Thursday, March 21st. NWF Group’s payout ratio is currently 3,076.92%.

Insider Activity at NWF Group

In other NWF Group news, insider Christopher James Belsham acquired 10,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were purchased at an average price of GBX 182 ($2.30) per share, for a total transaction of £18,200 ($23,000.13). 32.58% of the stock is owned by insiders.

NWF Group Company Profile

NWF Group plc, together with its subsidiaries, primarily engages in the sale and distribution of fuel oils in the United Kingdom. It operates through Fuels, Food, and Feeds segments. The Fuels segment sells domestic heating, industrial, and road fuels. This segment owns and operates through a network of 27 depots.