Kitwave Group (LON:KITW) Reaches New 52-Week Low – Here’s Why

Kitwave Group plc (LON:KITW)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 251.50 ($3.25) and last traded at GBX 251.50 ($3.25), with a volume of 370015 shares changing hands. The stock had previously closed at GBX 257.50 ($3.33).

Kitwave Group Stock Performance

The company has a market cap of £201.60 million, a P/E ratio of 10.44 and a beta of 0.78. The company’s fifty day moving average is GBX 290.55 and its 200 day moving average is GBX 313.52. 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 (LON:KITW) last announced its quarterly earnings data on Tuesday, March 4th. The company reported GBX 23.50 ($0.30) earnings per share (EPS) for the quarter. Kitwave Group had a return on equity of 20.87% and a net margin of 2.83%. As a group, equities analysts predict that Kitwave Group plc will post 33.0838323 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Ben Maxted bought 20,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was bought at an average cost of GBX 258 ($3.34) per share, for a total transaction of £51,600 ($66,701.14). Insiders own 14.99% of the company’s stock.

About Kitwave Group

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.