Kitwave Group (LON:KITW) Shares Down 4.8% – What’s Next?

Kitwave Group plc (LON:KITW) shares fell 4.8% during trading on Friday . The stock traded as low as GBX 279.30 ($3.41) and last traded at GBX 295.60 ($3.61). 199,099 shares traded hands during trading, a decline of 10% from the average session volume of 222,303 shares. The stock had previously closed at GBX 310.50 ($3.79).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 495 ($6.04) price objective on shares of Kitwave Group in a report on Thursday, November 7th.

Kitwave Group Stock Down 4.8 %

The firm has a market cap of £237.78 million, a price-to-earnings ratio of 1,231.67 and a beta of 0.78. The company has a debt-to-equity ratio of 103.83, a quick ratio of 0.65 and a current ratio of 1.02. The business’s 50-day moving average is GBX 319.53 and its 200-day moving average is GBX 324.88.

Kitwave Group Company Profile

Kitwave Group plc is a delivered wholesale business with over 1,500 employees and a network of 32 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 42,000, mainly independent, customers.