Wynnstay Group (LON:WYN) Shares Cross Below 200-Day Moving Average – Should You Sell?

Shares of Wynnstay Group Plc (LON:WYN) 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 decreased their target price on Wynnstay Group from GBX 520 ($6.35) to GBX 470 ($5.74) and set a “buy” rating for the company in a research note on Friday, October 4th.

Wynnstay Group Stock 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 50 day simple moving average of GBX 310.38 and a 200 day simple moving average of GBX 330.90. The company has a market capitalization of £69.92 million, a price-to-earnings ratio of 1,216.00 and a beta of 0.58.

Insider Transactions at Wynnstay Group

In other news, insider Claire Wilams bought 3,325 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average price of GBX 330 ($4.03) per share, with a total value of £10,972.50 ($13,397.44). 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.