Naked Wines (LON:WINE) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Naked Wines plc (LON:WINE) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 72.93 and traded as low as GBX 70.20. Naked Wines shares last traded at GBX 70.20, with a volume of 7,094 shares traded.

Naked Wines Price Performance

The firm has a market cap of £46.42 million, a P/E ratio of -33.43, a PEG ratio of 0.40 and a beta of 1.27. The company has a debt-to-equity ratio of 8.40, a current ratio of 1.50 and a quick ratio of 0.28. The stock’s 50-day simple moving average is GBX 72.93 and its two-hundred day simple moving average is GBX 73.

Naked Wines announced that its board has authorized a share buyback program on Monday, March 23rd that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Naked Wines

In other Naked Wines news, insider Jack Pailing bought 26,250 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average price of GBX 75 per share, for a total transaction of £19,687.50. 18.86% of the stock is currently 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.