Bakkavor Group (LON:BAKK) Stock Price Down 2.6% – Time to Sell?

Bakkavor Group plc (LON:BAKK) was down 2.6% during mid-day trading on Wednesday . The stock traded as low as GBX 133.50 ($1.64) and last traded at GBX 133.50 ($1.64). Approximately 210,674 shares changed hands during trading, a decline of 52% from the average daily volume of 436,384 shares. The stock had previously closed at GBX 137 ($1.69).

Bakkavor Group Trading Down 2.6 %

The company has a current ratio of 0.62, a quick ratio of 0.43 and a debt-to-equity ratio of 53.92. The stock has a market cap of £772.10 million, a P/E ratio of 1,213.64, a price-to-earnings-growth ratio of 0.61 and a beta of 0.63. The business’s fifty day simple moving average is GBX 140.36 and its 200 day simple moving average is GBX 148.70.

Bakkavor Group Company Profile

We are the leading provider of fresh prepared food in the UK, and our presence in the US and China positions the Group well in these high-growth markets. We leverage our consumer insight and scale to provide innovative food that offers quality, choice, convenience, and freshness. Around 18,000 colleagues operate from 43 sites across our three markets supplying a portfolio of over 3,000 products across meals, pizza & bread, salads and desserts to leading grocery retailers in the UK and US, and international food brands in China.