Kitwave Group (LON:KITW) Shares Down 4.8% – What’s Next?

Kitwave Group plc (LON:KITW) fell 4.8% during mid-day trading on Friday . The stock traded as low as GBX 279.30 ($3.41) and last traded at GBX 295.60 ($3.61). 199,099 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 222,303 shares. The stock had previously closed at GBX 310.50 ($3.79).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 495 ($6.04) target price on shares of Kitwave Group in a research note on Thursday, November 7th.

Kitwave Group Stock Down 4.8 %

The firm’s 50 day moving average is GBX 319.53 and its two-hundred day moving average is GBX 324.88. The firm has a market cap of £237.78 million, a P/E ratio of 1,231.67 and a beta of 0.78. The company has a current ratio of 1.02, a quick ratio of 0.65 and a debt-to-equity ratio of 103.83.

Kitwave Group Company Profile

Kitwave Group plc is a delivered wholesale business with over 1,500 employees and a network of 32 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 42,000, mainly independent, customers.