Wynnstay Group (LON:WYN) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Wynnstay Group Plc (LON:WYN) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 313.92 ($4.08) and traded as low as GBX 300 ($3.90). Wynnstay Group shares last traded at GBX 300 ($3.90), with a volume of 96,762 shares trading hands.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on WYN shares. Shore Capital reissued a “house stock” rating on shares of Wynnstay Group in a research report on Tuesday, February 11th. Canaccord Genuity Group dropped their price objective on shares of Wynnstay Group from GBX 470 ($6.10) to GBX 430 ($5.59) and set a “buy” rating on the stock in a research report on Thursday, February 13th.

Wynnstay Group Price Performance

The firm has a market capitalization of £69.14 million, a price-to-earnings ratio of 11.14 and a beta of 0.58. The company has a quick ratio of 1.03, a current ratio of 2.00 and a debt-to-equity ratio of 11.53. The company’s 50 day moving average is GBX 304.71 and its 200 day moving average is GBX 313.92.

Wynnstay Group (LON:WYN) last announced its quarterly earnings data on Tuesday, February 11th. The company reported GBX 23.78 ($0.31) earnings per share (EPS) for the quarter. Wynnstay Group had a net margin of 0.97% and a return on equity of 4.69%. On average, equities research analysts anticipate that Wynnstay Group Plc will post 24.9054054 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Stephen John Ellwood bought 1,500 shares of the company’s stock in a transaction dated Wednesday, February 19th. The stock was purchased at an average price of GBX 328 ($4.26) per share, with a total value of £4,920 ($6,390.44). Also, insider Gareth Davies sold 3,304 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of GBX 322 ($4.18), for a total transaction of £10,638.88 ($13,818.52). Corporate insiders own 26.31% of the company’s stock.

About Wynnstay Group

Wynnstay is a leading UK provider of agricultural supplies and services to farmers and rural communities, mainly in England and Wales. It manufactures and supplies a comprehensive range of agricultural inputs for both livestock and arable farmers, including feed, seed and fertiliser. Through its crop marketing arm, GrainLink, it also provides a channel for arable farmers to sell their grain, and its specialist teams provide advice on the latest farming techniques, including environmental measures, and animal health and nutrition.

Wynnstay supplies both direct-to-farm and via its extensive network of depots.