Naked Wines (LON:WINE) Shares Cross Below 50 Day Moving Average – What’s Next?

Naked Wines plc (LON:WINE)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 72.93 and traded as low as GBX 70.20. Naked Wines shares last traded at GBX 70.20, with a volume of 7,094 shares traded.

Naked Wines Price Performance

The company’s fifty day moving average price is GBX 72.93 and its 200 day moving average price is GBX 73. The company has a market capitalization of £46.42 million, a P/E ratio of -33.43, a PEG ratio of 0.40 and a beta of 1.27. The company has a quick ratio of 0.28, a current ratio of 1.50 and a debt-to-equity ratio of 8.40.

Naked Wines announced that its Board of Directors has initiated 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 of directors believes its stock is undervalued.

Insider Buying and Selling

In related news, insider Jack Pailing acquired 26,500 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was purchased at an average cost of GBX 75 per share, with a total value of £19,875. 18.86% of the stock is currently 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.