Kitwave Group (LON:KITW) Reaches New 1-Year Low – What’s Next?

Kitwave Group plc (LON:KITW) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 197 and last traded at GBX 201, with a volume of 820401 shares changing hands. The stock had previously closed at GBX 206.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 420 price objective on shares of Kitwave Group in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of GBX 420.

Kitwave Group Stock Down 2.4%

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 has a fifty day simple moving average of GBX 222.54 and a two-hundred day simple moving average of GBX 258.23. The firm has a market capitalization of £168.31 million, a PE ratio of 9.71 and a beta of 0.78.

Kitwave Group Company Profile

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.