Kitwave Group (LON:KITW) Posts Quarterly Earnings Results

Kitwave Group (LON:KITW) posted its earnings results on Tuesday. The company reported GBX 23.50 ($0.30) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Kitwave Group had a net margin of 2.83% and a return on equity of 20.87%.

Kitwave Group Price Performance

LON KITW traded up GBX 5 ($0.06) on Thursday, hitting GBX 263.50 ($3.40). The company had a trading volume of 182,751 shares, compared to its average volume of 209,659. The company has a debt-to-equity ratio of 103.83, a current ratio of 1.02 and a quick ratio of 0.65. The company’s fifty day moving average price is GBX 292.73 and its 200-day moving average price is GBX 314.29. The company has a market capitalization of £211.21 million, a PE ratio of 10.94 and a beta of 0.78. Kitwave Group has a 12-month low of GBX 254 ($3.27) and a 12-month high of GBX 409.50 ($5.28).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 495 ($6.38) price objective on shares of Kitwave Group in a research note on Thursday, November 7th.

Insider Buying and Selling at Kitwave Group

In other Kitwave Group news, insider Ben Maxted bought 20,000 shares of the stock in a transaction on Wednesday, March 5th. The shares were bought at an average price of GBX 258 ($3.33) per share, with a total value of £51,600 ($66,511.99). Insiders own 14.99% of the company’s stock.

About Kitwave Group

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.