NWF Group (LON:NWF) Stock Crosses Above 200 Day Moving Average – Here’s Why

NWF Group plc (LON:NWF)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 158.62 ($2.06) and traded as high as GBX 170.70 ($2.22). NWF Group shares last traded at GBX 169.60 ($2.20), with a volume of 118,033 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “hold” rating on shares of NWF Group in a research report on Tuesday, February 4th.

NWF Group Stock Performance

The firm has a market capitalization of £84.20 million, a PE ratio of 9.25 and a beta of 0.28. The company has a debt-to-equity ratio of 54.22, a quick ratio of 0.90 and a current ratio of 1.08. The business’s fifty day simple moving average is GBX 167.44 and its 200-day simple moving average is GBX 158.62.

NWF Group (LON:NWF) last posted its earnings results on Tuesday, February 4th. The company reported GBX 5.50 ($0.07) earnings per share for the quarter. NWF Group had a net margin of 0.96% and a return on equity of 11.03%. As a group, equities research analysts expect that NWF Group plc will post 17.4489796 EPS for the current year.

NWF Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, March 20th will be paid a GBX 1 ($0.01) dividend. This represents a yield of 0.58%. The ex-dividend date of this dividend is Thursday, March 20th. NWF Group’s payout ratio is 43.64%.

NWF Group Company Profile

NWF Group plc, together with its subsidiaries, primarily engages in the sale and distribution of fuel oils in the United Kingdom. It operates through Fuels, Food, and Feeds segments. The Fuels segment sells domestic heating, industrial, and road fuels. This segment owns and operates through a network of 27 depots.