Wynnstay Group (LON:WYN) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Wynnstay Group Plc (LON:WYN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 324.19 ($4.03) and traded as low as GBX 282 ($3.51). Wynnstay Group shares last traded at GBX 282.15 ($3.51), with a volume of 7,271 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their price objective on Wynnstay Group from GBX 520 ($6.47) to GBX 470 ($5.85) and set a “buy” rating on the stock in a research report on Friday, October 4th.

Wynnstay Group Stock Performance

The company has a debt-to-equity ratio of 14.36, a quick ratio of 1.03 and a current ratio of 2.00. The stock has a fifty day simple moving average of GBX 303.97 and a two-hundred day simple moving average of GBX 324.19. The stock has a market cap of £64.89 million, a PE ratio of 1,128.60 and a beta of 0.58.

Insider Activity

In other Wynnstay Group news, insider Claire Wilams bought 3,325 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of GBX 330 ($4.11) per share, with a total value of £10,972.50 ($13,652.48). Insiders own 26.31% of the company’s stock.

Wynnstay Group Company Profile

Wynnstay is a leading UK provider of agricultural supplies and services to farmers and rural communities, mainly in England and Wales. It manufactures and supplies a comprehensive range of agricultural inputs for both livestock and arable farmers, including feed, seed and fertiliser. Through its crop marketing arm, GrainLink, it also provides a channel for arable farmers to sell their grain, and its specialist teams provide advice on the latest farming techniques, including environmental measures, and animal health and nutrition.

Wynnstay supplies both direct-to-farm and via its extensive network of depots.