NWF Group (LON:NWF) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of NWF Group plc (LON:NWF) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 158.59 and traded as low as GBX 130. NWF Group shares last traded at GBX 133, with a volume of 151,244 shares.

Analyst Ratings Changes

Separately, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 283 target price on shares of NWF Group in a report on Monday, November 24th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 283.

NWF Group Stock Up 0.4%

The firm has a market cap of £65.97 million, a P/E ratio of 10.81 and a beta of 0.28. The company’s 50-day simple moving average is GBX 131.60 and its 200 day simple moving average is GBX 158.59. The company has a debt-to-equity ratio of 54.22, a current ratio of 1.08 and a quick ratio of 0.90.

About NWF Group

NWF Group is a specialist distributor across the UK. Connecting essential suppliers with their customers, making sure what’s vital gets to where it’s needed most.