Naked Wines (LON:WINE) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

Naked Wines plc (LON:WINE) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 72.76 and traded as low as GBX 72.20. Naked Wines shares last traded at GBX 75, with a volume of 87,676 shares changing hands.

Naked Wines Stock Performance

The company has a debt-to-equity ratio of 8.40, a quick ratio of 0.29 and a current ratio of 1.50. The firm has a market capitalization of £48.82 million, a PE ratio of -34.57, a price-to-earnings-growth ratio of 0.40 and a beta of 1.25. The firm’s 50 day moving average price is GBX 72.49 and its 200-day moving average price is GBX 72.76.

Naked Wines declared that its Board of Directors has authorized a stock buyback program on Monday, March 23rd that allows the company to buyback 0 shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Naked Wines

In related news, insider Jack Pailing purchased 38,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 18th. The stock was bought at an average price of GBX 62 per share, with a total value of £23,560. Over the last 90 days, insiders have acquired 70,000 shares of company stock valued at $4,712,000. 17.93% of the stock is currently owned by company 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.