Naked Wines (LON:WINE) Board of Directors Authorizes Share Repurchase Plan

Naked Wines (LON:WINE) declared that its Board of Directors has authorized a share repurchase plan on Monday, March 23rd, RTT News reports. The company plans to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Naked Wines Price Performance

WINE opened at GBX 73 on Thursday. Naked Wines has a 52-week low of GBX 60 and a 52-week high of GBX 95. The company has a 50 day moving average of GBX 72.75 and a two-hundred day moving average of GBX 73.82. The company has a market cap of £49.93 million, a P/E ratio of -34.76, a P/E/G ratio of 0.40 and a beta of 1.54. The company has a quick ratio of 0.29, a current ratio of 1.50 and a debt-to-equity ratio of 8.40.

Insider Buying and Selling at Naked Wines

In other Naked Wines news, insider Jack Pailing purchased 38,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was purchased at an average cost of GBX 62 per share, with a total value of £23,560. In the last quarter, insiders have acquired 86,350 shares of company stock worth $5,921,900. Insiders own 17.93% of the company’s stock.

Naked Wines Company Profile

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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.