Naked Wines (LON:WINE) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Naked Wines plc (LON:WINE) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 72.76 and traded as high as GBX 76.01. Naked Wines shares last traded at GBX 74.60, with a volume of 283,870 shares.

Analysts Set New Price Targets

Separately, Panmure Gordon restated a “buy” rating and issued a GBX 150 price objective on shares of Naked Wines in a research note on Thursday, November 20th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Naked Wines has a consensus rating of “Buy” and an average price target of GBX 150.

Naked Wines Stock Up 1.9%

The business’s fifty day moving average is GBX 72.76 and its two-hundred day moving average is GBX 76.02. The stock has a market cap of £53.40 million, a price-to-earnings ratio of -35.52, a PEG ratio of 0.40 and a beta of 1.26. The company has a quick ratio of 0.29, a current ratio of 1.53 and a debt-to-equity ratio of 20.74.

Naked Wines (LON:WINE) last posted its quarterly earnings data on Tuesday, December 9th. The company reported GBX (4.30) earnings per share for the quarter. Naked Wines had a negative return on equity of 25.19% and a negative net margin of 7.18%. Equities analysts forecast that Naked Wines plc will post 1.4166456 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jack Pailing purchased 16,350 shares of the stock in a transaction on Thursday, January 29th. The stock was bought at an average price of GBX 74 per share, for a total transaction of £12,099. 17.08% of the stock is currently owned by company insiders.

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.