Kitwave Group (LON:KITW) Reaches New 52-Week Low – Here’s Why

Kitwave Group plc (LON:KITW)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 251.50 ($3.25) and last traded at GBX 251.50 ($3.25), with a volume of 370015 shares traded. The stock had previously closed at GBX 257.50 ($3.33).

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 business’s 50-day moving average is GBX 290.55 and its 200-day moving average is GBX 313.52. The company has a market capitalization of £201.60 million, a PE ratio of 10.44 and a beta of 0.78.

Kitwave Group (LON:KITW) last released its earnings results on Tuesday, March 4th. The company reported GBX 23.50 ($0.30) earnings per share (EPS) 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.

Insiders Place Their Bets

In other Kitwave Group news, insider Ben Maxted acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of GBX 258 ($3.34) per share, with a total value of £51,600 ($66,701.14). Corporate insiders own 14.99% of the company’s stock.

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.