Wickes Group (LON:WIX) Shares Up 16.3% – Here’s What Happened

Wickes Group plc (LON:WIX) shot up 16.3% during mid-day trading on Tuesday . The company traded as high as GBX 178.60 ($2.22) and last traded at GBX 178.20 ($2.22). 4,107,257 shares traded hands during mid-day trading, an increase of 229% from the average session volume of 1,249,117 shares. The stock had previously closed at GBX 153.20 ($1.91).

Wickes Group Stock Up 16.3 %

The stock has a market cap of £422.49 million, a PE ratio of 1,485.00, a P/E/G ratio of 0.79 and a beta of 0.78. The business has a 50 day moving average of GBX 151.24 and a 200-day moving average of GBX 156.59. The company has a current ratio of 1.10, a quick ratio of 0.58 and a debt-to-equity ratio of 454.31.

About Wickes Group

Wickes is one of the UK’s best known home improvement retailers. Having opened our first store in 1972 we now have over 230 stores across the UK, employing 8,500 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber.

Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £25 billion UK Home Improvement market.