Naked Wines (LON:WINE) Shares Up 11.6% – Here’s Why

Naked Wines plc (LON:WINE) rose 11.6% during mid-day trading on Wednesday . The stock traded as high as GBX 50.35 ($0.63) and last traded at GBX 50.35 ($0.63). Approximately 532,153 shares traded hands during trading, an increase of 431% from the average daily volume of 100,219 shares. The stock had previously closed at GBX 45.10 ($0.56).

Naked Wines Trading Up 17.4 %

The company has a current ratio of 1.52, a quick ratio of 0.29 and a debt-to-equity ratio of 20.74. The business has a 50 day moving average price of GBX 48.90 and a 200-day moving average price of GBX 52.84. The firm has a market capitalization of £39.19 million, a PE ratio of -189.13, a P/E/G ratio of 0.40 and a beta of 1.26.

Naked Wines (LON:WINE) last released its earnings results on Tuesday, December 10th. The company reported GBX (8.80) (($0.11)) EPS for the quarter. Naked Wines had a negative net margin of 7.18% and a negative return on equity of 23.76%. Analysts expect that Naked Wines plc will post 1.4166456 earnings per share for the current year.

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.