Kitwave Group (LON:KITW) Trading Down 0.3% – Here’s What Happened

Kitwave Group plc (LON:KITW) traded down 0.3% during trading on Thursday . The company traded as low as GBX 317 ($4.04) and last traded at GBX 318 ($4.05). 64,834 shares were traded during mid-day trading, a decline of 68% from the average session volume of 199,986 shares. The stock had previously closed at GBX 319 ($4.06).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 495 ($6.30) target price on shares of Kitwave Group in a research report on Thursday, November 7th.

Kitwave Group Trading Up 0.3 %

The stock has a market capitalization of £256.60 million, a price-to-earnings ratio of 1,329.17 and a beta of 0.78. The company’s 50-day moving average is GBX 330.42 and its 200-day moving average is GBX 334.62. The company has a quick ratio of 0.65, a current ratio of 1.02 and a debt-to-equity ratio of 103.83.

About Kitwave Group

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.