Kitwave Group (LON:KITW) Hits New 1-Year High at $385.60

Kitwave Group plc (LON:KITW) hit a new 52-week high on Thursday . The stock traded as high as GBX 385.60 ($4.76) and last traded at GBX 380 ($4.69), with a volume of 302327 shares. The stock had previously closed at GBX 362 ($4.47).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group increased their price target on Kitwave Group from GBX 435 ($5.37) to GBX 455 ($5.62) and gave the stock a “buy” rating in a report on Thursday, March 28th.

Kitwave Group Stock Performance

The company has a market cap of £266.42 million, a P/E ratio of 1,392.31 and a beta of 0.86. The firm has a 50 day moving average of GBX 339.24 and a 200-day moving average of GBX 289.54. 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 company also recently disclosed a dividend, which will be paid on Friday, April 26th. Investors of record on Thursday, April 4th will be paid a GBX 7.45 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a yield of 2.51%. This is a boost from Kitwave Group’s previous dividend of $3.75. Kitwave Group’s dividend payout ratio is 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.