Gerard T. Murray Purchases 15,000 Shares of Kitwave Group plc (LON:KITW) Stock

Kitwave Group plc (LON:KITW) insider Gerard T. Murray bought 15,000 shares of the company’s stock in a transaction on Thursday, July 3rd. The shares were acquired at an average price of GBX 238 ($3.25) per share, for a total transaction of £35,700 ($48,710.60).

Kitwave Group Stock Performance

KITW opened at GBX 238 ($3.25) on Friday. 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 market capitalization of £190.77 million, a PE ratio of 9.88 and a beta of 0.78. The firm has a 50 day moving average of GBX 310.23 and a two-hundred day moving average of GBX 290.62. Kitwave Group plc has a 12-month low of GBX 230 ($3.14) and a 12-month high of GBX 355 ($4.84).

Kitwave Group (LON:KITW) last released its quarterly earnings results on Tuesday, July 1st. The company reported GBX 7.90 ($0.11) earnings per share (EPS) for the quarter. Kitwave Group had a net margin of 2.83% and a return on equity of 20.87%. On average, analysts anticipate that Kitwave Group plc will post 33.0838323 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group lowered their price target on shares of Kitwave Group from GBX 495 ($6.75) to GBX 420 ($5.73) and set a “buy” rating on the stock in a report on Tuesday, July 1st.

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.