Naked Wines (LON:WINE) Shares Cross Above 50 Day Moving Average – Should You Sell?

Naked Wines plc (LON:WINE)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 72.17 and traded as high as GBX 76. Naked Wines shares last traded at GBX 76, with a volume of 104,166 shares trading hands.

Naked Wines Stock Up 5.6%

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 50-day moving average is GBX 72.17 and its 200-day moving average is GBX 72.84. The company has a market cap of £51.11 million, a price-to-earnings ratio of -36.19, a P/E/G ratio of 0.40 and a beta of 1.33.

Naked Wines declared that its board has initiated a share buyback plan on Monday, March 23rd that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, insider Jack Pailing bought 38,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 18th. The shares were bought at an average price of GBX 62 per share, for a total transaction of £23,560. In the last 90 days, insiders have acquired 70,000 shares of company stock worth $4,712,000. 17.93% of the stock is owned by 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.