Kitwave Group (LON:KITW) Trading Down 6.3% – Time to Sell?

Kitwave Group plc (LON:KITW)’s share price traded down 6.3% during trading on Monday . The company traded as low as GBX 278 ($3.46) and last traded at GBX 281 ($3.50). 81,216 shares were traded during mid-day trading, a decline of 57% from the average session volume of 188,404 shares. The stock had previously closed at GBX 300 ($3.73).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 495 ($6.16) price objective on shares of Kitwave Group in a research note on Thursday, November 7th.

Kitwave Group Stock Down 6.3 %

The business’s 50 day simple moving average is GBX 307.92 and its 200-day simple moving average is GBX 320.27. The company has a market cap of £226.04 million, a price-to-earnings ratio of 1,170.83 and a beta of 0.78. The company has a debt-to-equity ratio of 103.83, a quick ratio of 0.65 and a current ratio of 1.02.

About Kitwave Group

Kitwave Group plc is a delivered wholesale business with over 1,500 employees and a network of 32 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 42,000, mainly independent, customers.