Naked Wines (LON:WINE) Share Price Passes Below 50-Day Moving Average – What’s Next?

Naked Wines plc (LON:WINE)’s stock price 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 trading hands.

Naked Wines Stock Down 0.8%

The company has a current ratio of 1.50, a quick ratio of 0.29 and a debt-to-equity ratio of 8.40. The business has a 50-day moving average price of GBX 73.41 and a 200-day moving average price of GBX 73.01. The stock has a market cap of £48.21 million, a PE ratio of -34.29, a price-to-earnings-growth ratio of 0.40 and a beta of 1.25.

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

Insider Activity

In related news, insider Jack Pailing bought 26,500 shares of the company’s stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average price of GBX 75 per share, with a total value of £19,875. Insiders own 18.63% 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.