Kitwave Group (LON:KITW) Sets New 52-Week Low – Here’s What Happened

Kitwave Group plc (LON:KITW) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 195 and last traded at GBX 200, with a volume of 243729 shares. The stock had previously closed at GBX 202.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 420 price target on shares of Kitwave Group in a research report on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 420.

Kitwave Group Price Performance

The business’s fifty day moving average price is GBX 219.62 and its 200-day moving average price is GBX 255.02. The company has a market capitalization of £167.47 million, a P/E ratio of 9.66 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 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.