Naked Wines (LON:WINE) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Naked Wines plc (LON:WINE)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 72.17 and traded as high as GBX 76. Naked Wines shares last traded at GBX 76, with a volume of 104,166 shares.

Naked Wines Stock Up 5.6%

The company’s 50 day moving average price is GBX 72.17 and its two-hundred day moving average price is GBX 72.84. The company has a current ratio of 1.50, a quick ratio of 0.29 and a debt-to-equity ratio of 8.40. The stock has a market cap of £51.11 million, a P/E ratio of -36.19, a PEG ratio of 0.40 and a beta of 1.33.

Naked Wines declared that its Board of Directors has authorized a stock buyback program on Monday, March 23rd that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Naked Wines

In other Naked Wines news, insider Jack Pailing acquired 38,000 shares of the stock in a transaction dated Wednesday, March 18th. The shares were purchased at an average price of GBX 62 per share, for a total transaction of £23,560. In the last quarter, insiders have purchased 70,000 shares of company stock valued at $4,712,000. 17.93% of the stock is owned by corporate insiders.

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.