Wynnstay Group (LON:WYN) Shares Cross Below 200 Day Moving Average – Here’s Why

Wynnstay Group Plc (LON:WYN)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 331.09 ($4.07) and traded as low as GBX 301.27 ($3.71). Wynnstay Group shares last traded at GBX 301.27 ($3.71), with a volume of 11,376 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group cut their price target on shares of Wynnstay Group from GBX 520 ($6.40) to GBX 470 ($5.78) and set a “buy” rating for the company in a report on Friday, October 4th.

Wynnstay Group Price Performance

The business has a fifty day moving average price of GBX 310.65 and a 200 day moving average price of GBX 331.09. The company has a market cap of £69.29 million, a price-to-earnings ratio of 1,205.06 and a beta of 0.58. The company has a debt-to-equity ratio of 14.36, a quick ratio of 1.03 and a current ratio of 2.00.

Insider Buying and Selling

In other Wynnstay Group news, insider Claire Wilams bought 3,325 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were acquired at an average cost of GBX 330 ($4.06) per share, for a total transaction of £10,972.50 ($13,501.29). 26.31% of the stock is currently owned by company insiders.

Wynnstay Group Company Profile

Wynnstay Group Plc manufactures and supplies agricultural products in the United Kingdom. It operates through Agriculture and Specialist Agricultural Merchanting segments. The Agriculture segment offers feeds for farm livestock, feed raw materials for farmers and other manufacturers; seeds, fertiliser and agrochemicals; and grain marketing services.