Kitwave Group (LON:KITW) Stock Price Down 0.6%

Kitwave Group plc (LON:KITW) was down 0.6% on Thursday . The stock traded as low as GBX 350 ($4.36) and last traded at GBX 350.50 ($4.36). Approximately 91,327 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 152,535 shares. The stock had previously closed at GBX 352.50 ($4.39).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group boosted their price target on Kitwave Group from GBX 435 ($5.42) to GBX 455 ($5.66) and gave the stock a “buy” rating in a research note on Thursday, March 28th.

Kitwave Group Trading Down 0.1 %

The firm has a market cap of £245.39 million, a price-to-earnings ratio of 1,346.15 and a beta of 0.86. The company has a 50-day moving average price of GBX 335.50 and a 200 day moving average price of GBX 287.51. The company has a quick ratio of 0.65, a current ratio of 1.29 and a debt-to-equity ratio of 69.96.

Kitwave Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, April 4th will be given a GBX 7.45 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a dividend yield of 2.51%. This is a boost from Kitwave Group’s previous dividend of $3.75. Kitwave Group’s payout ratio is currently 4,230.77%.

Kitwave Group Company Profile

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.