Naked Wines (LON:WINE) Stock Passes Above 50 Day Moving Average – Should You Sell?

Naked Wines plc (LON:WINE) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 72.25 and traded as high as GBX 73. Naked Wines shares last traded at GBX 73, with a volume of 104,210 shares changing hands.

Naked Wines Stock Performance

The company has a 50 day moving average price of GBX 72.25 and a 200-day moving average price of GBX 72.99. The company has a current ratio of 1.50, a quick ratio of 0.29 and a debt-to-equity ratio of 8.40. The company has a market cap of £49.24 million, a P/E ratio of -34.87, a price-to-earnings-growth ratio of 0.40 and a beta of 1.33.

Naked Wines announced that its board has authorized a stock buyback plan on Monday, March 23rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling at Naked Wines

In other news, insider Jack Pailing acquired 38,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were bought at an average price of GBX 62 per share, with a total value of £23,560. Over the last 90 days, insiders acquired 70,000 shares of company stock worth $4,712,000. Company insiders own 17.93% 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.