Naked Wines (LON:WINE) Stock Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Naked Wines plc (LON:WINE) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 74.81 and traded as low as GBX 71.40. Naked Wines shares last traded at GBX 71.40, with a volume of 28,456 shares traded.

Wall Street Analysts Forecast Growth

Separately, Panmure Gordon reiterated a “buy” rating and issued a GBX 150 price objective on shares of Naked Wines in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 150.

Naked Wines Stock Up 2.5%

The company has a debt-to-equity ratio of 20.74, a quick ratio of 0.29 and a current ratio of 1.53. The stock’s 50 day simple moving average is GBX 74.76 and its 200 day simple moving average is GBX 78.80. The firm has a market cap of £52.40 million, a P/E ratio of -11.09, a price-to-earnings-growth ratio of 0.40 and a beta of 1.26.

Insider Activity at Naked Wines

In related news, insider Rodrigo Maza bought 10,000 shares of the company’s stock in a transaction dated Tuesday, September 30th. The shares were bought at an average price of GBX 78 per share, for a total transaction of £7,800. Also, insider Jack Pailing bought 58,810 shares of the business’s stock in a transaction that occurred on Wednesday, September 10th. The shares were bought at an average cost of GBX 80 per share, for a total transaction of £47,048. Corporate insiders own 17.04% of the company’s stock.

Naked Wines Company Profile

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.