Wickes Group (LON:WIX) Trading 16.3% Higher – Still a Buy?

Wickes Group plc (LON:WIX) rose 16.3% on Wednesday . The stock traded as high as GBX 178.60 ($2.22) and last traded at GBX 178.20 ($2.21). Approximately 4,107,257 shares traded hands during mid-day trading, an increase of 229% from the average daily volume of 1,249,117 shares. The stock had previously closed at GBX 153.20 ($1.90).

Wickes Group Trading Up 0.1 %

The business’s 50 day simple moving average is GBX 152.38 and its 200-day simple moving average is GBX 156.87. The stock has a market capitalization of £431.50 million, a P/E ratio of 1,516.67, a PEG ratio of 0.79 and a beta of 0.78. The company has a debt-to-equity ratio of 454.31, a current ratio of 1.10 and a quick ratio of 0.58.

About Wickes Group

Wickes is one of the UK’s best known home improvement retailers. Having opened our first store in 1972 we now have over 230 stores across the UK, employing 8,500 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber.

Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £25 billion UK Home Improvement market.