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

Kitwave Group plc (LON:KITW) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 197 and last traded at GBX 201, with a volume of 820401 shares changing hands. The stock had previously closed at GBX 206.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 420 price target on shares of Kitwave Group in a research report on Wednesday, November 5th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 420.

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 firm has a market capitalization of £168.31 million, a price-to-earnings ratio of 9.71 and a beta of 0.78. The business’s fifty day simple moving average is GBX 221.88 and its 200 day simple moving average is GBX 257.39.

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.