Kitwave Group (LON:KITW) Reaches New 52-Week Low – Should You Sell?

Kitwave Group plc (LON:KITW) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 235 ($3.03) and last traded at GBX 244 ($3.15), with a volume of 319068 shares. The stock had previously closed at GBX 244 ($3.15).

Kitwave Group Price Performance

The company has a debt-to-equity ratio of 103.83, a current ratio of 1.02 and a quick ratio of 0.65. The stock has a market cap of £195.58 million, a price-to-earnings ratio of 10.13 and a beta of 0.78. The firm’s 50-day moving average is GBX 271.80 and its 200 day moving average is GBX 304.06.

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 net margin of 2.83% and a return on equity of 20.87%. Sell-side analysts anticipate that Kitwave Group plc will post 33.0838323 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kitwave Group news, insider Ben Maxted bought 20,000 shares of Kitwave Group stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average price of GBX 258 ($3.33) per share, for a total transaction of £51,600 ($66,537.72). 14.99% of the stock is currently owned by insiders.

About Kitwave Group

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.