Naked Wines (LON:WINE) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Naked Wines plc (LON:WINE)’s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 72.95 and traded as low as GBX 68.20. Naked Wines shares last traded at GBX 69.40, with a volume of 146,804 shares trading hands.

Naked Wines Stock Performance

The company has a debt-to-equity ratio of 8.40, a quick ratio of 0.28 and a current ratio of 1.50. The stock has a fifty day simple moving average of GBX 72.95 and a two-hundred day simple moving average of GBX 72.86. The stock has a market cap of £48.15 million, a PE ratio of -34.24, a PEG ratio of 0.40 and a beta of 1.27.

Naked Wines declared that its board has approved a share repurchase program on Monday, March 23rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Insider Buying and Selling at Naked Wines

In other news, insider Jack Pailing purchased 26,500 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average cost of GBX 75 per share, with a total value of £19,875. Company insiders own 18.63% of the company’s stock.

About Naked Wines

Naked Wines plc, together with its subsidiaries, engages in the retailing of wines and spirits in the United Kingdom, the United States, and Australia. The company offers its products online.