Kitwave Group (LON:KITW) Stock Price Down 6.3% - Here's What Happened

Kitwave Group plc (LON:KITW - Get Free Report) shares fell 6.3% during trading on Monday . The company traded as low as GBX 278 ($3.45) and last traded at GBX 281 ($3.49). 81,216 shares were traded during mid-day trading, a decline of 57% from the average session volume of 188,404 shares. The stock had previously closed at GBX 300 ($3.72).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 495 ($6.14) target price on shares of Kitwave Group in a research note on Thursday, November 7th.

Kitwave Group Price Performance

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 price is GBX 305.19 and its 200-day moving average price is GBX 318.99. The company has a market cap of £230.46 million, a price-to-earnings ratio of 1,193.75 and a beta of 0.78.

Kitwave Group Company Profile

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.