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Kitwave Group (LON:KITW) Hits New 52-Week Low - Here's What Happened

Kitwave Group logo with Consumer Defensive background

Kitwave Group plc (LON:KITW - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 235 ($3.00) and last traded at GBX 244 ($3.12), with a volume of 319068 shares changing hands. The stock had previously closed at GBX 244 ($3.12).

Kitwave Group Price Performance

The stock has a market cap of £208.41 million, a P/E ratio of 10.80 and a beta of 0.78. The company has a quick ratio of 0.65, a current ratio of 1.02 and a debt-to-equity ratio of 103.83. The business's 50-day simple moving average is GBX 270.48 and its two-hundred day simple moving average is GBX 302.38.

Kitwave Group (LON:KITW - Get Free Report) last announced its quarterly earnings results on Tuesday, March 4th. The company reported GBX 23.50 ($0.30) EPS for the quarter. Kitwave Group had a net margin of 2.83% and a return on equity of 20.87%. Sell-side analysts expect that Kitwave Group plc will post 33.0838323 EPS for the current year.

Insider Transactions at Kitwave Group

In other news, insider Ben Maxted purchased 20,000 shares of the stock in a transaction dated Wednesday, March 5th. The shares were purchased at an average cost of GBX 258 ($3.30) per share, with a total value of £51,600 ($65,934.07). Corporate insiders own 14.99% of the company's stock.

About Kitwave Group

(Get Free Report)

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.

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