Naked Wines (LON:WINE) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Shares of Naked Wines plc (LON:WINE) passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 72.93 and traded as low as GBX 70.20. Naked Wines shares last traded at GBX 70.20, with a volume of 7,094 shares traded.

Naked Wines Stock Performance

The firm has a market capitalization of £46.42 million, a P/E ratio of -33.43, a P/E/G ratio of 0.40 and a beta of 1.27. The company has a debt-to-equity ratio of 8.40, a current ratio of 1.50 and a quick ratio of 0.28. The firm has a 50-day moving average price of GBX 72.93 and a two-hundred day moving average price of GBX 73.

Naked Wines declared that its board has approved a stock buyback program 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 programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Jack Pailing acquired 26,250 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was bought at an average price of GBX 75 per share, for a total transaction of £19,687.50. 18.86% of the stock is owned by 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.