Kitwave Group (LON:KITW) Trading Down 0.6%

Kitwave Group plc (LON:KITW) fell 0.6% during mid-day trading on Thursday . The company traded as low as GBX 350 ($4.36) and last traded at GBX 350.50 ($4.36). 91,327 shares changed hands during trading, a decline of 40% from the average session volume of 152,535 shares. The stock had previously closed at GBX 352.50 ($4.39).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price target on shares of Kitwave Group from GBX 435 ($5.42) to GBX 455 ($5.66) and gave the stock a “buy” rating in a research note on Thursday, March 28th.

Kitwave Group Stock Down 0.1 %

The company’s 50 day moving average price is GBX 335.50 and its two-hundred day moving average price is GBX 287.51. The firm has a market cap of £245.39 million, a PE ratio of 1,346.15 and a beta of 0.86. The company has a current ratio of 1.29, a quick ratio of 0.65 and a debt-to-equity ratio of 69.96.

Kitwave Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, April 26th. Stockholders of record on Thursday, April 4th will be issued a GBX 7.45 ($0.09) dividend. The ex-dividend date of this dividend is Thursday, April 4th. This is an increase from Kitwave Group’s previous dividend of $3.75. This represents a dividend yield of 2.51%. Kitwave Group’s payout ratio is 4,230.77%.

About Kitwave Group

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.