Kitwave Group (LON:KITW) Issues Earnings Results

Kitwave Group (LON:KITW) issued its earnings results on Tuesday. The company reported GBX 23.50 ($0.30) EPS for the quarter, Digital Look Earnings reports. Kitwave Group had a return on equity of 20.87% and a net margin of 2.83%.

Kitwave Group Trading Up 1.2 %

Shares of KITW traded up GBX 3 ($0.04) during trading hours on Thursday, hitting GBX 261.50 ($3.37). The company had a trading volume of 541,197 shares, compared to its average volume of 217,451. The stock’s 50 day moving average price is GBX 292.73 and its 200 day moving average price is GBX 314.29. The company has a quick ratio of 0.65, a current ratio of 1.02 and a debt-to-equity ratio of 103.83. Kitwave Group has a 52-week low of GBX 254 ($3.27) and a 52-week high of GBX 409.50 ($5.28). The firm has a market cap of £209.61 million, a P/E ratio of 10.86 and a beta of 0.78.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 495 ($6.38) price target on shares of Kitwave Group in a research report on Thursday, November 7th.

Insider Activity

In other Kitwave Group news, insider Ben Maxted purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was bought at an average price of GBX 258 ($3.33) per share, with a total value of £51,600 ($66,511.99). Insiders own 14.99% of the company’s stock.

About Kitwave Group

Kitwave Group plc is a delivered wholesale business with over 1,500 employees and a network of 32 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 42,000, mainly independent, customers.