Wickes Group (LON:WIX) Trading 16.3% Higher – Should You Buy?

Shares of Wickes Group plc (LON:WIX) traded up 16.3% during mid-day trading on Wednesday . The company traded as high as GBX 178.60 ($2.22) and last traded at GBX 178.20 ($2.22). 4,107,257 shares were traded during mid-day trading, an increase of 229% from the average session volume of 1,249,117 shares. The stock had previously closed at GBX 153.20 ($1.91).

Wickes Group Price Performance

The business’s 50-day simple moving average is GBX 151.24 and its 200-day simple moving average is GBX 156.59. The stock has a market cap of £417.72 million, a PE ratio of 1,468.23, a PEG ratio of 0.79 and a beta of 0.78. The company has a quick ratio of 0.58, a current ratio of 1.10 and a debt-to-equity ratio of 454.31.

Wickes Group Company Profile

Wickes is one of the UK’s best known home improvement retailers. Having opened our first store in 1972 we now have over 230 stores across the UK, employing 8,500 colleagues and offering products ranging from kitchens and bathrooms, to paint, tools and timber.

Wickes is a successful, growing, cash generative and profitable business, operating in the large and growing £25 billion UK Home Improvement market.