Kitwave Group (LON:KITW) Shares Down 3.7% – Here’s Why

Shares of Kitwave Group plc (LON:KITW) were down 3.7% during trading on Monday . The company traded as low as GBX 244.50 ($3.16) and last traded at GBX 246.50 ($3.18). Approximately 198,840 shares were traded during mid-day trading, a decline of 24% from the average daily volume of 262,946 shares. The stock had previously closed at GBX 256 ($3.31).

Kitwave Group Stock Performance

The firm has a market capitalization of £197.59 million, a price-to-earnings ratio of 10.23 and a beta of 0.78. 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 stock’s 50-day moving average is GBX 275.29 and its 200-day moving average is GBX 306.25.

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

Insider Transactions at Kitwave Group

In related news, insider Ben Maxted bought 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of GBX 258 ($3.33) per share, with a total value of £51,600 ($66,666.67). Corporate insiders own 14.99% of the company’s stock.

Kitwave Group Company Profile

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.