Kitwave Group (LON:KITW) Stock Price Down 0.8% – Here’s What Happened

Kitwave Group plc (LON:KITWGet Free Report) shares traded down 0.8% on Thursday . The company traded as low as GBX 302.85 ($3.79) and last traded at GBX 309.50 ($3.87). 35,524 shares were traded during mid-day trading, a decline of 82% from the average session volume of 195,195 shares. The stock had previously closed at GBX 312 ($3.90).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 495 ($6.19) price target on shares of Kitwave Group in a report on Thursday, November 7th.

View Our Latest Report on Kitwave Group

Kitwave Group Trading Down 0.8 %

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 business has a 50 day moving average of GBX 325.56 and a 200-day moving average of GBX 329.46. The stock has a market cap of £248.96 million, a PE ratio of 1,289.58 and a beta of 0.78.

About Kitwave Group

(Get Free Report)

Kitwave Group plc engages in the wholesale business in the United Kingdom. It operates in three divisions: Ambient, Frozen & Chilled, and Foodservice. The Ambient division supplies confectionery, soft drinks, crisps and snacks, and tobacco. This division serves independent convenience stores, vending operators, national retailers, and other UK wholesalers.

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