Naked Wines (LON:WINE) Share Price Passes Above 50-Day Moving Average – Here’s Why

Naked Wines plc (LON:WINE)’s share price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 72.62 and traded as high as GBX 75. Naked Wines shares last traded at GBX 73.40, with a volume of 48,871 shares.

Naked Wines Stock Down 2.1%

The firm has a market cap of £48.54 million, a price-to-earnings ratio of -7.98, a PEG ratio of 0.40 and a beta of 1.27. The company has a quick ratio of 0.28, a current ratio of 1.53 and a debt-to-equity ratio of 7.62. The firm has a fifty day moving average price of GBX 72.62 and a 200-day moving average price of GBX 72.92.

Naked Wines (LON:WINE) last released its earnings results on Thursday, July 23rd. The company reported GBX (9.20) EPS for the quarter. Naked Wines had a negative net margin of 3.31% and a negative return on equity of 10.61%. As a group, sell-side analysts forecast that Naked Wines plc will post 1.4166456 EPS for the current year.

Insider Buying and Selling

In related news, insider Jack Pailing acquired 20,000 shares of the company’s stock in a transaction dated Thursday, July 23rd. The stock was bought at an average price of GBX 75 per share, with a total value of £15,000. In the last three months, insiders bought 72,750 shares of company stock valued at $5,456,250. 18.89% of the stock is 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.