Naked Wines (LON:WINE) Stock Price Passes Below Fifty Day Moving Average – What’s Next?

Naked Wines plc (LON:WINE) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 73.58 and traded as low as GBX 72.20. Naked Wines shares last traded at GBX 75, with a volume of 21,399 shares changing hands.

Naked Wines Stock Performance

The company has a current ratio of 1.50, a quick ratio of 0.29 and a debt-to-equity ratio of 8.40. The stock’s fifty day simple moving average is GBX 73.60 and its 200 day simple moving average is GBX 72.94. The company has a market cap of £49.76 million, a price-to-earnings ratio of -35.24, a P/E/G ratio of 0.40 and a beta of 1.25.

Naked Wines declared that its board has authorized a share buyback program on Monday, March 23rd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Activity

In related news, insider Jack Pailing purchased 26,250 shares of Naked Wines stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average price of GBX 75 per share, for a total transaction of £19,687.50. Over the last three months, insiders acquired 102,750 shares of company stock valued at $7,188,250. 17.93% of the stock is owned by company 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.