Shares of Kitwave Group plc (LON:KITW - Get Free Report) dropped 0.8% during trading on Thursday . The company traded as low as GBX 302.85 ($3.81) and last traded at GBX 309.50 ($3.89). Approximately 35,524 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 195,195 shares. The stock had previously closed at GBX 312 ($3.92).
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group reaffirmed a "buy" rating and issued a GBX 495 ($6.22) price target on shares of Kitwave Group in a report on Thursday, November 7th.
Read Our Latest Analysis on Kitwave Group
Kitwave Group Trading Down 1.2 %
The company has a 50 day simple moving average of GBX 325.56 and a two-hundred day simple moving average of GBX 329.46. 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 firm has a market cap of £246.03 million, a PE ratio of 1,274.38 and a beta of 0.78.
Kitwave Group Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Kitwave Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kitwave Group wasn't on the list.
While Kitwave Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
