Wynnstay Group (LON:WYN) Share Price Passes Below 200-Day Moving Average – Here’s Why

Wynnstay Group Plc (LON:WYN)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 356.83 ($4.67) and traded as low as GBX 325.40 ($4.26). Wynnstay Group shares last traded at GBX 330 ($4.32), with a volume of 1,924,928 shares changing hands.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group cut their price target on shares of Wynnstay Group from GBX 520 ($6.81) to GBX 470 ($6.15) and set a “buy” rating on the stock in a research note on Friday, October 4th.

Wynnstay Group Price Performance

The company has a fifty day moving average price of GBX 336.17 and a two-hundred day moving average price of GBX 356.83. The firm has a market capitalization of £75.90 million, a PE ratio of 1,320.00 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 14.36.

About Wynnstay Group

Wynnstay Group Plc manufactures and supplies agricultural products in the United Kingdom. It operates through Agriculture and Specialist Agricultural Merchanting segments. The Agriculture segment offers feeds for farm livestock, feed raw materials for farmers and other manufacturers; seeds, fertiliser and agrochemicals; and grain marketing services.