Naked Wines plc (LON:WINE – Get Free Report)’s stock price passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 73.41 and traded as low as GBX 72. Naked Wines shares last traded at GBX 72, with a volume of 142,996 shares trading hands.
Naked Wines Stock Performance
The firm has a market cap of £48.21 million, a price-to-earnings ratio of -34.29, a price-to-earnings-growth ratio of 0.40 and a beta of 1.25. The company has a quick ratio of 0.29, a current ratio of 1.50 and a debt-to-equity ratio of 8.40. The stock has a fifty day moving average price of GBX 73.41 and a 200-day moving average price of GBX 73.01.
Naked Wines declared that its board has initiated a share buyback plan on Monday, March 23rd that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Insider Activity
About Naked Wines
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.
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