Kitwave Group (LON:KITW) Trading Down 0.6%

Kitwave Group plc (LON:KITW)’s share price dropped 0.6% during trading on Thursday . The company traded as low as GBX 350 ($4.36) and last traded at GBX 350.50 ($4.36). Approximately 91,327 shares were traded during trading, a decline of 40% from the average daily volume of 152,535 shares. The stock had previously closed at GBX 352.50 ($4.39).

Analysts Set New Price Targets

Separately, Canaccord Genuity Group boosted their price target on Kitwave Group from GBX 435 ($5.42) to GBX 455 ($5.66) and gave the stock a “buy” rating in a report on Thursday, March 28th.

Kitwave Group Price Performance

The stock has a market capitalization of £245.74 million, a P/E ratio of 1,348.08 and a beta of 0.86. The business has a fifty day simple moving average of GBX 333.14 and a 200-day simple moving average of GBX 286.43. The company has a debt-to-equity ratio of 69.96, a quick ratio of 0.65 and a current ratio of 1.29.

Kitwave Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, April 4th will be issued a dividend of GBX 7.45 ($0.09) per share. This represents a yield of 2.51%. This is an increase from Kitwave Group’s previous dividend of $3.75. The ex-dividend date of this dividend is Thursday, April 4th. Kitwave Group’s payout ratio is currently 4,230.77%.

Kitwave Group Company Profile

Kitwave Group plc engages in the wholesale business in the United Kingdom. It operates in three divisions: Ambient, Frozen & Chilled, and Foodservice. The Ambient division supplies confectionery, soft drinks, crisps and snacks, and tobacco. This division serves independent convenience stores, vending operators, national retailers, and other UK wholesalers.