Naked Wines (LON:WINE) Stock Price Crosses Above Fifty Day Moving Average – Here’s Why

Naked Wines plc (LON:WINE) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 72.92 and traded as high as GBX 76.34. Naked Wines shares last traded at GBX 75.20, with a volume of 112,919 shares changing hands.

Naked Wines Stock Up 0.5%

The firm’s fifty day moving average price is GBX 72.94 and its 200-day moving average price is GBX 73.59. The company has a current ratio of 1.50, a quick ratio of 0.29 and a debt-to-equity ratio of 8.40. The company has a market cap of £51.30 million, a price-to-earnings ratio of -35.71, a price-to-earnings-growth ratio of 0.40 and a beta of 1.54.

Naked Wines announced that its board has initiated a share repurchase program on Monday, March 23rd that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Insider Activity

In related news, insider Jack Pailing acquired 38,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The shares were acquired at an average cost of GBX 62 per share, with a total value of £23,560. Insiders have acquired a total of 86,350 shares of company stock worth $5,921,900 over the last ninety days. 17.93% of the stock is owned by corporate 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.