Kitwave Group (LON:KITW) Trading Down 0.8% – What’s Next?

Shares of Kitwave Group plc (LON:KITW) fell 0.8% during mid-day trading on Thursday . The stock traded as low as GBX 302.85 ($3.81) and last traded at GBX 309.50 ($3.89). 35,524 shares were traded during trading, a decline of 82% from the average session volume of 195,195 shares. The stock had previously closed at GBX 312 ($3.92).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 495 ($6.22) price objective on shares of Kitwave Group in a research report on Thursday, November 7th.

Kitwave Group Stock Down 1.2 %

The company has a market capitalization of £246.03 million, a PE ratio of 1,274.38 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. The company’s 50-day moving average is GBX 324.98 and its 200 day moving average is GBX 329.29.

Kitwave Group Company Profile

Kitwave Group plc engages in the wholesale business in the United Kingdom. It operates in three divisions: Ambient, Frozen & Chilled, and Foodservice. The Ambient division supplies confectionery, soft drinks, crisps and snacks, and tobacco. This division serves independent convenience stores, vending operators, national retailers, and other UK wholesalers.