Wynnstay Group (LON:WYN) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Wynnstay Group Plc (LON:WYN)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 324.19 ($4.03) and traded as low as GBX 282 ($3.51). Wynnstay Group shares last traded at GBX 282.15 ($3.51), with a volume of 7,271 shares.

Analyst Ratings Changes

Separately, Canaccord Genuity Group lowered their price target on Wynnstay Group from GBX 520 ($6.47) to GBX 470 ($5.85) and set a “buy” rating for the company in a report on Friday, October 4th.

Wynnstay Group Stock Performance

The stock’s 50-day moving average price is GBX 303.97 and its 200-day moving average price is GBX 324.19. The company has a current ratio of 2.00, a quick ratio of 1.03 and a debt-to-equity ratio of 14.36. The company has a market capitalization of £64.89 million, a P/E ratio of 1,128.60 and a beta of 0.58.

Insider Buying and Selling

In other news, insider Claire Wilams acquired 3,325 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average price of GBX 330 ($4.11) per share, with a total value of £10,972.50 ($13,652.48). 26.31% of the stock is owned by company 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.