Kitwave Group (LON:KITW) Hits New 1-Year Low – Here’s What Happened

Kitwave Group plc (LON:KITW) shares reached a new 52-week low during trading on Monday . The company traded as low as GBX 251.50 ($3.26) and last traded at GBX 251.50 ($3.26), with a volume of 370015 shares. The stock had previously closed at GBX 257.50 ($3.33).

Kitwave Group Price Performance

The firm has a market capitalization of £207.21 million, a PE ratio of 10.73 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 company has a fifty day moving average price of GBX 287.97 and a two-hundred day moving average price of GBX 312.71.

Kitwave Group (LON:KITW) last released 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%. Sell-side analysts forecast that Kitwave Group plc will post 33.0838323 earnings per share for the current year.

Insider Buying and Selling at Kitwave Group

In other news, insider Ben Maxted purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of GBX 258 ($3.34) per share, for a total transaction of £51,600 ($66,804.76). Company 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.