Wynnstay Group (LON:WYN) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Wynnstay Group Plc (LON:WYN)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 313.92 ($4.08) and traded as low as GBX 300 ($3.90). Wynnstay Group shares last traded at GBX 300 ($3.90), with a volume of 96,762 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on WYN shares. Shore Capital reiterated a “house stock” rating on shares of Wynnstay Group in a research note on Tuesday, February 11th. Canaccord Genuity Group lowered their target price on shares of Wynnstay Group from GBX 470 ($6.10) to GBX 430 ($5.59) and set a “buy” rating on the stock in a research note on Thursday, February 13th.

Wynnstay Group Stock Down 2.6 %

The stock has a market capitalization of £69.14 million, a P/E ratio of 11.14 and a beta of 0.58. The company has a current ratio of 2.00, a quick ratio of 1.03 and a debt-to-equity ratio of 11.53. The firm’s fifty day moving average is GBX 304.71 and its 200-day moving average is GBX 313.92.

Wynnstay Group (LON:WYN) last announced its earnings results on Tuesday, February 11th. The company reported GBX 23.78 ($0.31) earnings per share for the quarter. Wynnstay Group had a net margin of 0.97% and a return on equity of 4.69%. As a group, equities research analysts predict that Wynnstay Group Plc will post 24.9054054 earnings per share for the current year.

Insider Activity at Wynnstay Group

In other news, insider Gareth Davies sold 3,304 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of GBX 322 ($4.18), for a total value of £10,638.88 ($13,818.52). Also, insider Stephen John Ellwood acquired 1,500 shares of the business’s stock in a transaction dated Wednesday, February 19th. The stock was acquired at an average cost of GBX 328 ($4.26) per share, for a total transaction of £4,920 ($6,390.44). Corporate insiders own 26.31% of the company’s stock.

About Wynnstay Group

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.