Kitwave Group (LON:KITW) Hits New 52-Week Low – Should You Sell?

Kitwave Group plc (LON:KITW) shares hit a new 52-week low on Friday . The company traded as low as GBX 235 ($3.03) and last traded at GBX 244 ($3.15), with a volume of 319068 shares changing hands. The stock had previously closed at GBX 244 ($3.15).

Kitwave Group Stock Performance

The firm has a market capitalization of £195.58 million, a PE ratio of 10.13 and a beta of 0.78. The firm’s fifty day moving average price is GBX 271.80 and its 200 day moving average price is GBX 304.06. The company has a current ratio of 1.02, a quick ratio of 0.65 and a debt-to-equity ratio of 103.83.

Kitwave Group (LON:KITW) last released its earnings results on Tuesday, March 4th. The company reported GBX 23.50 ($0.30) earnings per share for the quarter. Kitwave Group had a net margin of 2.83% and a return on equity of 20.87%. On average, research analysts anticipate that Kitwave Group plc will post 33.0838323 earnings per share for the current year.

Insider Activity

In other news, insider Ben Maxted acquired 20,000 shares of Kitwave Group stock in a transaction on Wednesday, March 5th. The shares were purchased at an average price of GBX 258 ($3.33) per share, with a total value of £51,600 ($66,537.72). 14.99% of the stock is currently owned by corporate insiders.

About Kitwave Group

Kitwave Group plc is a delivered wholesale business with over 2,100 employees and a network of 37 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 46,000, mainly independent, customers.