Wynnstay Group (LON:WYN) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Wynnstay Group Plc (LON:WYN) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 313.92 ($4.08) and traded as low as GBX 300 ($3.90). Wynnstay Group shares last traded at GBX 300 ($3.90), with a volume of 96,762 shares.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Canaccord Genuity Group decreased their target price on Wynnstay Group from GBX 470 ($6.11) to GBX 430 ($5.59) and set a “buy” rating for the company in a research note on Thursday, February 13th. Shore Capital reaffirmed a “house stock” rating on shares of Wynnstay Group in a research note on Tuesday, February 11th.

Wynnstay Group Price Performance

The company has a quick ratio of 1.03, a current ratio of 2.00 and a debt-to-equity ratio of 11.53. The stock has a 50 day simple moving average of GBX 304.59 and a 200 day simple moving average of GBX 313.72. The stock has a market cap of £70.86 million, a price-to-earnings ratio of 11.42 and a beta of 0.58.

Wynnstay Group (LON:WYN) last announced its quarterly earnings data on Tuesday, February 11th. The company reported GBX 23.78 ($0.31) EPS for the quarter. Wynnstay Group had a return on equity of 4.69% and a net margin of 0.97%. As a group, analysts expect that Wynnstay Group Plc will post 24.9054054 earnings per share for the current fiscal year.

Wynnstay Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Thursday, March 27th will be paid a GBX 11.90 ($0.15) dividend. This represents a yield of 3.87%. The ex-dividend date is Thursday, March 27th. This is a boost from Wynnstay Group’s previous dividend of $5.60. Wynnstay Group’s dividend payout ratio (DPR) is 63.14%.

Insider Buying and Selling at Wynnstay Group

In other news, insider Gareth Davies sold 3,304 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of GBX 322 ($4.19), for a total value of £10,638.88 ($13,840.09). Also, insider Stephen John Ellwood bought 1,500 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was bought at an average price of GBX 328 ($4.27) per share, for a total transaction of £4,920 ($6,400.42). Insiders own 26.31% of the company’s stock.

Wynnstay Group Company Profile

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.