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Kitwave Group (LON:KITW) Trading Up 0.7% - Time to Buy?

Kitwave Group logo with Consumer Defensive background

Kitwave Group plc (LON:KITW - Get Free Report)'s stock price rose 0.7% on Friday . The stock traded as high as GBX 280 ($3.76) and last traded at GBX 277 ($3.72). Approximately 66,398 shares traded hands during trading, a decline of 75% from the average daily volume of 261,372 shares. The stock had previously closed at GBX 275 ($3.69).

Kitwave Group Price Performance

The company has a current ratio of 1.02, a quick ratio of 0.65 and a debt-to-equity ratio of 103.83. The company has a 50 day moving average of GBX 264.74 and a 200-day moving average of GBX 295.51. The firm has a market capitalization of £235.66 million, a P/E ratio of 12.21 and a beta of 0.78.

Kitwave Group (LON:KITW - Get Free Report) last announced its earnings results on Tuesday, March 4th. The company reported GBX 23.50 ($0.32) earnings per share (EPS) for the quarter. Kitwave Group had a net margin of 2.83% and a return on equity of 20.87%. On average, sell-side analysts predict that Kitwave Group plc will post 33.0838323 EPS for the current year.

Insiders Place Their Bets

In other news, insider Ben Maxted acquired 20,000 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of GBX 258 ($3.47) per share, with a total value of £51,600 ($69,326.88). Company 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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