Kitwave Group (LON:KITW) Stock Price Down 0.8% – Here’s What Happened

Kitwave Group plc (LON:KITWGet Free Report)’s stock price traded down 0.8% during mid-day trading on Thursday . The company traded as low as GBX 302.85 ($3.79) and last traded at GBX 309.50 ($3.87). 35,524 shares changed hands during mid-day trading, a decline of 82% from the average session volume of 195,195 shares. The stock had previously closed at GBX 312 ($3.90).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 495 ($6.19) target price on shares of Kitwave Group in a report on Thursday, November 7th.

Read Our Latest Report on KITW

Kitwave Group Price Performance

The company has a current ratio of 1.02, a quick ratio of 0.65 and a debt-to-equity ratio of 103.83. The firm has a market capitalization of £248.96 million, a PE ratio of 1,289.58 and a beta of 0.78. The company has a fifty day moving average price of GBX 325.56 and a two-hundred day moving average price of GBX 329.46.

Kitwave Group Company Profile

(Get Free Report)

Kitwave Group plc engages in the wholesale business in the United Kingdom. It operates in three divisions: Ambient, Frozen & Chilled, and Foodservice. The Ambient division supplies confectionery, soft drinks, crisps and snacks, and tobacco. This division serves independent convenience stores, vending operators, national retailers, and other UK wholesalers.

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