Naked Wines (LON:WINE) Shares Cross Below 50 Day Moving Average – What’s Next?

Naked Wines plc (LON:WINE) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 72.95 and traded as low as GBX 68.20. Naked Wines shares last traded at GBX 69.40, with a volume of 146,804 shares trading hands.

Naked Wines Price Performance

The business has a fifty day moving average of GBX 72.94 and a 200-day moving average of GBX 72.86. The firm has a market cap of £48.88 million, a PE ratio of -34.76, a PEG ratio of 0.40 and a beta of 1.27. The company has a current ratio of 1.50, a quick ratio of 0.28 and a debt-to-equity ratio of 8.40.

Naked Wines declared that its board has authorized a share buyback plan on Monday, March 23rd that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Naked Wines

In other news, insider Jack Pailing purchased 26,250 shares of the stock in a transaction dated Wednesday, May 27th. The shares were purchased at an average cost of GBX 75 per share, with a total value of £19,687.50. 18.63% of the stock is currently owned by corporate insiders.

About Naked Wines

Naked Wines plc, together with its subsidiaries, engages in the retailing of wines and spirits in the United Kingdom, the United States, and Australia. The company offers its products online.