Ben Maxted Acquires 20,000 Shares of Kitwave Group plc (LON:KITW) Stock

Kitwave Group plc (LON:KITW) insider Ben Maxted acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of GBX 258 ($3.33) per share, with a total value of £51,600 ($66,511.99).

Kitwave Group Stock Up 2.1 %

LON KITW opened at GBX 264 ($3.40) on Thursday. 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 stock’s 50 day moving average is GBX 292.73 and its two-hundred day moving average is GBX 314.29. The company has a market capitalization of £211.61 million, a price-to-earnings ratio of 10.96 and a beta of 0.78. Kitwave Group plc has a 1-year low of GBX 254 ($3.27) and a 1-year high of GBX 409.50 ($5.28).

Kitwave Group (LON:KITW) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX 23.50 ($0.30) earnings per share for the quarter. Kitwave Group had a net margin of 2.83% and a return on equity of 20.87%. Equities analysts forecast that Kitwave Group plc will post 33.0838323 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Kitwave Group Company Profile

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.