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

Wynnstay Group Plc (LON:WYN - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 310.98 ($4.01) and traded as low as GBX 291 ($3.75). Wynnstay Group shares last traded at GBX 295.30 ($3.81), with a volume of 68,529 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on WYN shares. Canaccord Genuity Group decreased their price objective on shares of Wynnstay Group from GBX 470 ($6.06) to GBX 430 ($5.54) and set a "buy" rating for the company in a research note on Thursday, February 13th. Shore Capital reissued a "house stock" rating on shares of Wynnstay Group in a research report on Tuesday, March 25th.

Wynnstay Group Stock Performance

The stock has a market cap of £69.14 million, a PE ratio of 11.14 and a beta of 0.58. The firm's 50-day moving average is GBX 307.38 and its 200 day moving average is GBX 310.19. The company has a debt-to-equity ratio of 11.53, a quick ratio of 1.03 and a current ratio of 2.00.

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

Wynnstay Group Increases Dividend

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

Insider Buying and Selling at Wynnstay Group

In other news, insider Gareth Davies sold 3,304 shares of the firm's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of GBX 322 ($4.15), for a total value of £10,638.88 ($13,713.43). Also, insider Stephen John Ellwood bought 1,500 shares of the stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average cost of GBX 328 ($4.23) per share, for a total transaction of £4,920 ($6,341.84). Company insiders own 26.31% of the company's stock.

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.