Kitwave Group (LON:KITW) Releases Earnings Results

Kitwave Group (LON:KITW) announced its quarterly earnings results on Tuesday. The company reported GBX 23.50 ($0.30) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Kitwave Group had a return on equity of 20.87% and a net margin of 2.83%.

Kitwave Group Stock Up 1.9 %

Shares of Kitwave Group stock traded up GBX 5 ($0.06) on Thursday, reaching GBX 263.50 ($3.40). The stock had a trading volume of 182,751 shares, compared to its average volume of 209,659. The company has a quick ratio of 0.65, a current ratio of 1.02 and a debt-to-equity ratio of 103.83. The stock has a market capitalization of £211.21 million, a P/E ratio of 10.94 and a beta of 0.78. The company has a 50 day moving average price of GBX 292.73 and a 200 day moving average price of GBX 314.29. Kitwave Group has a 1 year low of GBX 254 ($3.27) and a 1 year high of GBX 409.50 ($5.28).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 495 ($6.38) target price on shares of Kitwave Group in a research report on Thursday, November 7th.

Insider Activity at Kitwave Group

In other Kitwave Group news, insider Ben Maxted purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of GBX 258 ($3.33) per share, for a total transaction of £51,600 ($66,511.99). 14.99% of the stock is currently owned by corporate insiders.

About Kitwave Group

Kitwave Group plc is a delivered wholesale business with over 1,500 employees and a network of 32 depots able to support delivery throughout the UK, specialising in selling impulse products (such as confectionery, soft drinks, snacks, ice cream), frozen and chilled foods, alcohol, groceries and tobacco to over 42,000, mainly independent, customers.