Kitwave Group (LON:KITW) Reaches New 52-Week Low – Here’s What Happened

Kitwave Group plc (LON:KITW) shares hit a new 52-week low on Friday . The stock traded as low as GBX 197 and last traded at GBX 201, with a volume of 820401 shares changing hands. The stock had previously closed at GBX 206.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 420 target price on shares of Kitwave Group in a research note on Wednesday, November 5th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of GBX 420.

Kitwave Group Price Performance

The firm has a market capitalization of £168.31 million, a P/E ratio of 9.71 and a beta of 0.78. The company has a current ratio of 1.02, a quick ratio of 0.65 and a debt-to-equity ratio of 103.83. The firm has a 50 day moving average price of GBX 222.54 and a 200-day moving average price of GBX 258.23.

About Kitwave Group

Kitwave Group plc is a delivered wholesale business with over 2,100 employees and a network of 37 depots able to support delivery throughout the UK, specialising in selling impulse products (such as confectionery, soft drinks, snacks, ice cream), frozen and chilled foods, alcohol, groceries and tobacco to over 46,000, mainly independent, customers.