Kitwave Group (LON:KITW) Releases Earnings Results

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

Kitwave Group Price Performance

LON KITW traded up GBX 4.50 ($0.06) on Thursday, reaching GBX 263 ($3.39). 164,127 shares of the stock traded hands, compared to its average volume of 209,254. Kitwave Group has a 12 month low of GBX 254 ($3.27) and a 12 month high of GBX 409.50 ($5.28). The company has a market cap of £210.81 million, a price-to-earnings ratio of 10.92 and a beta of 0.78. The firm’s fifty day simple moving average is GBX 292.73 and its 200 day simple moving average is GBX 314.29. The company has a quick ratio of 0.65, a current ratio of 1.02 and a debt-to-equity ratio of 103.83.

Analyst Upgrades and Downgrades

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

Insider Transactions at Kitwave Group

In other Kitwave Group news, insider Ben Maxted bought 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of GBX 258 ($3.33) per share, for a total transaction of £51,600 ($66,511.99). Company insiders own 14.99% of the company’s stock.

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.