Majestic Wine (LON:WINE) Trading Up 0.2%

Shares of Majestic Wine PLC (LON:WINE) shot up 0.2% on Wednesday . The company traded as high as GBX 261 ($3.41) and last traded at GBX 260.50 ($3.40), 36,583 shares traded hands during mid-day trading. A decline of 65% from the average session volume of 104,440 shares. The stock had previously closed at GBX 260 ($3.40).

A number of research firms have recently weighed in on WINE. Liberum Capital dropped their target price on Majestic Wine from GBX 500 ($6.53) to GBX 400 ($5.23) and set a “buy” rating on the stock in a report on Friday, August 2nd. Peel Hunt restated a “hold” rating on shares of Majestic Wine in a report on Friday, August 2nd.

The company has a quick ratio of 0.27, a current ratio of 1.24 and a debt-to-equity ratio of 31.74. The company has a market capitalization of $189.96 million and a PE ratio of -19.66. The stock has a 50-day moving average of GBX 254.79 and a 200 day moving average of GBX 262.88.

In other Majestic Wine news, insider James Crawford purchased 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was bought at an average cost of GBX 267 ($3.49) per share, with a total value of £40,050 ($52,332.42).

About Majestic Wine (LON:WINE)

Majestic Wine plc, together with its subsidiaries, engages in the retailing of wines, beers, and spirits in the United Kingdom, the United States, Australia, and France. It operates through four segments: Retail, Commercial, Lay & Wheeler, and Naked Wines. The company also provides cellarage services; and business to business wine retailing to pubs, restaurants, and events.

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