Naked Wines (LON:WINE) Stock Passes Below Fifty Day Moving Average – Here’s Why

Naked Wines plc (LON:WINE) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 73.41 and traded as low as GBX 72. Naked Wines shares last traded at GBX 72, with a volume of 142,996 shares changing hands.

Naked Wines Price Performance

The company has a market cap of £47.54 million, a PE ratio of -33.81, a price-to-earnings-growth ratio of 0.40 and a beta of 1.25. The company has a debt-to-equity ratio of 8.40, a quick ratio of 0.28 and a current ratio of 1.50. The stock has a 50 day moving average of GBX 73.35 and a 200-day moving average of GBX 73.01.

Naked Wines announced that its board has authorized a stock buyback plan on Monday, March 23rd that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, insider Jack Pailing acquired 26,500 shares of Naked Wines stock in a transaction dated Wednesday, May 27th. The stock was purchased at an average cost of GBX 75 per share, for a total transaction of £19,875. 18.63% of the stock is currently owned by 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.