Kitwave Group (LON:KITW) Releases Quarterly Earnings Results

Kitwave Group (LON:KITW) released its earnings results on Tuesday. The company reported GBX 23.50 ($0.30) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Kitwave Group had a net margin of 2.83% and a return on equity of 20.87%.

Kitwave Group Stock Performance

Shares of LON KITW traded up GBX 3 ($0.04) during mid-day trading on Thursday, reaching GBX 261.50 ($3.37). 541,197 shares of the company’s stock were exchanged, compared to its average volume of 217,451. The firm has a market capitalization of £209.61 million, a price-to-earnings ratio of 10.86 and a beta of 0.78. The firm has a 50-day moving average price of GBX 292.73 and a two-hundred day moving average price of GBX 314.29. The company has a debt-to-equity ratio of 103.83, a current ratio of 1.02 and a quick ratio of 0.65. Kitwave Group has a 52 week low of GBX 254 ($3.27) and a 52 week high of GBX 409.50 ($5.28).

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 495 ($6.38) price objective on shares of Kitwave Group in a report on Thursday, November 7th.

Insider Buying and Selling at Kitwave Group

In other Kitwave Group news, insider Ben Maxted purchased 20,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were bought at an average price of GBX 258 ($3.33) per share, with a total value of £51,600 ($66,511.99). Corporate insiders own 14.99% of the company’s stock.

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.