Kitwave Group (LON:KITW) Trading Down 6.3% – Time to Sell?

Kitwave Group plc (LON:KITW)’s stock price dropped 6.3% during mid-day trading on Monday . The stock traded as low as GBX 278 ($3.46) and last traded at GBX 281 ($3.50). Approximately 81,216 shares changed hands during trading, a decline of 57% from the average daily volume of 188,404 shares. The stock had previously closed at GBX 300 ($3.73).

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 495 ($6.16) price objective on shares of Kitwave Group in a report on Thursday, November 7th.

Kitwave Group Stock Performance

The company has a debt-to-equity ratio of 103.83, a quick ratio of 0.65 and a current ratio of 1.02. The firm’s 50-day moving average price is GBX 307.92 and its two-hundred day moving average price is GBX 320.27. The firm has a market capitalization of £226.04 million, a price-to-earnings ratio of 1,170.83 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.