Wynnstay Group (LON:WYN) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Wynnstay Group Plc (LON:WYN) shares crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 331.09 ($4.04) and traded as low as GBX 301.27 ($3.68). Wynnstay Group shares last traded at GBX 301.27 ($3.68), with a volume of 11,376 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group cut their price objective on shares of Wynnstay Group from GBX 520 ($6.35) to GBX 470 ($5.74) and set a “buy” rating for the company in a research report on Friday, October 4th.

Wynnstay Group Price Performance

The company has a quick ratio of 1.03, a current ratio of 2.00 and a debt-to-equity ratio of 14.36. The stock has a market cap of £69.92 million, a price-to-earnings ratio of 1,216.00 and a beta of 0.58. The company’s 50-day moving average is GBX 310.38 and its 200-day moving average is GBX 330.90.

Insider Buying and Selling

In other news, insider Claire Wilams acquired 3,325 shares of the firm’s stock in a transaction on Wednesday, October 30th. The shares were purchased at an average cost of GBX 330 ($4.03) per share, with a total value of £10,972.50 ($13,397.44). Company insiders own 26.31% of the company’s stock.

About Wynnstay Group

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.