Naked Wines (LON:WINE) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Naked Wines plc (LON:WINE)’s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 72.17 and traded as high as GBX 76. Naked Wines shares last traded at GBX 76, with a volume of 104,166 shares.

Naked Wines Stock Up 5.6%

The company’s fifty day moving average is GBX 72.17 and its 200-day moving average is GBX 72.84. The company has a market capitalization of £51.11 million, a PE ratio of -36.19, a price-to-earnings-growth ratio of 0.40 and a beta of 1.33. The company has a debt-to-equity ratio of 8.40, a quick ratio of 0.29 and a current ratio of 1.50.

Naked Wines announced that its board has initiated a stock buyback program on Monday, March 23rd that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Naked Wines

In other news, insider Jack Pailing bought 38,000 shares of Naked Wines stock in a transaction that occurred on Wednesday, March 18th. The stock was bought at an average cost of GBX 62 per share, with a total value of £23,560. Over the last ninety days, insiders have purchased 70,000 shares of company stock valued at $4,712,000. Corporate insiders own 17.93% of the company’s stock.

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.