Naked Wines (LON:WINE) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Naked Wines plc (LON:WINE) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 72.25 and traded as high as GBX 73. Naked Wines shares last traded at GBX 73, with a volume of 104,210 shares trading hands.

Naked Wines Price Performance

The company has a debt-to-equity ratio of 8.40, a current ratio of 1.50 and a quick ratio of 0.29. The stock has a market capitalization of £49.09 million, a P/E ratio of -34.76, a PEG ratio of 0.40 and a beta of 1.33. The company’s 50 day simple moving average is GBX 72.25 and its two-hundred day simple moving average is GBX 72.99.

Naked Wines announced that its Board of Directors has authorized a stock buyback program on Monday, March 23rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other Naked Wines news, insider Jack Pailing acquired 38,000 shares of the business’s stock in a transaction on Wednesday, March 18th. The stock was purchased at an average price of GBX 62 per share, for a total transaction of £23,560. Insiders have bought 70,000 shares of company stock worth $4,712,000 over the last quarter. 17.93% of the stock is currently owned by corporate insiders.

Naked Wines Company Profile

Naked Wines plc, together with its subsidiaries, engages in the retailing of wines and spirits in the United Kingdom, the United States, and Australia. The company offers its products online.