Naked Wines (LON:WINE) Stock Price Passes Below 200 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 trading hands.

Naked Wines Trading Down 0.5%

The company has a market cap of £50.44 million, a price-to-earnings ratio of -35.71, a P/E/G ratio of 0.40 and a beta of 1.25. The company has a debt-to-equity ratio of 8.40, a current ratio of 1.50 and a quick ratio of 0.29. The firm’s fifty day moving average price is GBX 72.46 and its 200-day moving average price is GBX 72.76.

Naked Wines declared that its Board of Directors has initiated a stock repurchase plan on Monday, March 23rd that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s board believes its stock is undervalued.

Insiders Place Their Bets

In related news, insider Jack Pailing acquired 38,000 shares of Naked Wines stock in a transaction that occurred on Wednesday, March 18th. The stock was acquired at an average price of GBX 62 per share, with a total value of £23,560. Insiders have bought a total of 70,000 shares of company stock valued at $4,712,000 over the last three months. Corporate insiders own 17.93% of the company’s stock.

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.