Kitwave Group (LON:KITW) Shares Up 0.7% – Here’s Why

Kitwave Group plc (LON:KITW)’s stock price shot up 0.7% on Tuesday . The company traded as high as GBX 295 ($3.74) and last traded at GBX 292 ($3.70). 78,057 shares traded hands during mid-day trading, a decline of 59% from the average session volume of 192,138 shares. The stock had previously closed at GBX 290 ($3.68).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 495 ($6.27) price objective on shares of Kitwave Group in a research report on Thursday, November 7th.

Kitwave Group Stock Up 1.2 %

The company has a quick ratio of 0.65, a current ratio of 1.02 and a debt-to-equity ratio of 103.83. The company has a 50-day simple moving average of GBX 296.99 and a two-hundred day simple moving average of GBX 315.91. The stock has a market cap of £236.86 million, a P/E ratio of 12.27 and a beta of 0.78.

About Kitwave Group

Kitwave Group plc is a delivered wholesale business with over 1,500 employees and a network of 32 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 42,000, mainly independent, customers.