Wynnstay Group (LON:WYN) Shares Cross Below 200 Day Moving Average - Here's Why

Wynnstay Group Plc (LON:WYN - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 313.92 ($4.07) and traded as low as GBX 300 ($3.89). Wynnstay Group shares last traded at GBX 300 ($3.89), with a volume of 96,762 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently commented on WYN. Shore Capital reissued a "house stock" rating on shares of Wynnstay Group in a report on Tuesday, February 11th. Canaccord Genuity Group cut their price target on shares of Wynnstay Group from GBX 470 ($6.09) to GBX 430 ($5.58) and set a "buy" rating for the company in a research note on Thursday, February 13th.

Wynnstay Group Trading Down 0.8 %

The company has a debt-to-equity ratio of 11.53, a current ratio of 2.00 and a quick ratio of 1.03. The business has a 50-day simple moving average of GBX 304.74 and a two-hundred day simple moving average of GBX 313.45. The stock has a market cap of £70.29 million, a price-to-earnings ratio of 11.33 and a beta of 0.58.

Wynnstay Group (LON:WYN - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported GBX 23.78 ($0.31) earnings per share for the quarter. Wynnstay Group had a return on equity of 4.69% and a net margin of 0.97%. Equities analysts forecast that Wynnstay Group Plc will post 24.9054054 EPS for the current fiscal year.

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Wynnstay Group Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Thursday, March 27th will be paid a dividend of GBX 11.90 ($0.15) per share. This represents a dividend yield of 3.87%. The ex-dividend date of this dividend is Thursday, March 27th. This is a boost from Wynnstay Group's previous dividend of $5.60. Wynnstay Group's dividend payout ratio (DPR) is currently 63.14%.

Insider Buying and Selling

In related news, insider Gareth Davies sold 3,304 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of GBX 322 ($4.18), for a total value of £10,638.88 ($13,795.23). Also, insider Stephen John Ellwood acquired 1,500 shares of the stock in a transaction on Wednesday, February 19th. The shares were purchased at an average price of GBX 328 ($4.25) per share, for a total transaction of £4,920 ($6,379.67). 26.31% of the stock is currently owned by insiders.

About Wynnstay Group

Wynnstay is a leading UK provider of agricultural supplies and services to farmers and rural communities, mainly in England and Wales. It manufactures and supplies a comprehensive range of agricultural inputs for both livestock and arable farmers, including feed, seed and fertiliser. Through its crop marketing arm, GrainLink, it also provides a channel for arable farmers to sell their grain, and its specialist teams provide advice on the latest farming techniques, including environmental measures, and animal health and nutrition. Wynnstay supplies both direct-to-farm and via its extensive network of depots.