Naked Wines (LON:WINE) Shares Cross Below 50 Day Moving Average – Here’s Why

Naked Wines plc (LON:WINE)’s stock price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 77.70 and traded as low as GBX 70.20. Naked Wines shares last traded at GBX 71.40, with a volume of 182,204 shares changing hands.

Naked Wines Price Performance

The business has a fifty day moving average of GBX 77.70 and a 200 day moving average of GBX 79.19. The firm has a market cap of £51.11 million, a P/E ratio of -10.82, a PEG ratio of 0.40 and a beta of 1.26. The company has a quick ratio of 0.29, a current ratio of 1.53 and a debt-to-equity ratio of 20.74.

Naked Wines (LON:WINE) last released its quarterly earnings data on Tuesday, August 5th. The company reported GBX (6.60) earnings per share (EPS) for the quarter. Naked Wines had a negative net margin of 7.18% and a negative return on equity of 25.19%. On average, sell-side analysts anticipate that Naked Wines plc will post 1.4166456 earnings per share for the current year.

Insiders Place Their Bets

In other Naked Wines news, insider Rodrigo Maza purchased 10,000 shares of the business’s stock in a transaction on Tuesday, September 30th. The stock was acquired at an average price of GBX 78 per share, with a total value of £7,800. Also, insider Jack Pailing acquired 58,810 shares of Naked Wines stock in a transaction on Wednesday, September 10th. The shares were bought at an average cost of GBX 80 per share, with a total value of £47,048. In the last 90 days, insiders purchased 75,610 shares of company stock worth $6,103,600. 17.04% of the stock is owned by company insiders.

Naked Wines Company Profile

Naked Wines plc, together with its subsidiaries, engages in the retailing of wines and spirits in the United Kingdom, the United States, and Australia. The company offers its products online.