Naked Wines (LON:WINE) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Naked Wines plc (LON:WINE)’s stock price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 71.29 and traded as low as GBX 69. Naked Wines shares last traded at GBX 69, with a volume of 66,071 shares traded.

Naked Wines Stock Down 3.8%

The company has a debt-to-equity ratio of 7.62, a quick ratio of 0.28 and a current ratio of 1.53. The firm’s 50-day moving average is GBX 71.22 and its 200 day moving average is GBX 72.33. The firm has a market capitalization of £43.91 million, a PE ratio of -7.22, a price-to-earnings-growth ratio of 0.40 and a beta of 1.28.

Naked Wines (LON:WINE) last posted its earnings results on Thursday, July 23rd. The company reported GBX (9.20) earnings per share for the quarter. Naked Wines had a negative net margin of 3.31% and a negative return on equity of 10.61%. As a group, research analysts forecast that Naked Wines plc will post 1.4166456 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jack Pailing bought 20,000 shares of the business’s stock in a transaction that occurred on Thursday, July 23rd. The stock was purchased at an average price of GBX 75 per share, with a total value of £15,000. Corporate insiders own 18.89% of the company’s stock.

Naked Wines Company Profile

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.