Kitwave Group (LON:KITW) Releases Quarterly Earnings Results

Kitwave Group (LON:KITW) issued 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 net margin of 2.83% and a return on equity of 20.87%.

Kitwave Group Trading Up 1.9 %

Kitwave Group stock opened at GBX 263.50 ($3.40) on Thursday. 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 current ratio of 1.02, a quick ratio of 0.65 and a debt-to-equity ratio of 103.83. The business’s fifty day simple moving average is GBX 292.73 and its two-hundred day simple moving average is GBX 314.29. The company has a market capitalization of £211.21 million, a price-to-earnings ratio of 10.94 and a beta of 0.78.

Insider Transactions at Kitwave Group

In other news, insider Ben Maxted purchased 20,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were purchased 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 owned by insiders.

Wall Street Analyst Weigh In

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

Kitwave Group Company Profile

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.