Wynnstay Group (LON:WYN) Shares Cross Below 200-Day Moving Average – Should You Sell?

Wynnstay Group Plc (LON:WYN)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 331.09 ($4.04) and traded as low as GBX 301.27 ($3.68). Wynnstay Group shares last traded at GBX 301.27 ($3.68), with a volume of 11,376 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reduced their target price on Wynnstay Group from GBX 520 ($6.35) to GBX 470 ($5.74) and set a “buy” rating on the stock in a report on Friday, October 4th.

Wynnstay Group Stock Down 1.1 %

The firm has a 50-day simple moving average of GBX 310.38 and a 200 day simple moving average of GBX 330.90. The company has a debt-to-equity ratio of 14.36, a current ratio of 2.00 and a quick ratio of 1.03. The company has a market capitalization of £69.92 million, a PE ratio of 1,216.00 and a beta of 0.58.

Insider Buying and Selling at Wynnstay Group

In other Wynnstay Group news, insider Claire Wilams bought 3,325 shares of the company’s stock in a transaction dated Wednesday, October 30th. The shares were acquired at an average cost of GBX 330 ($4.03) per share, with a total value of £10,972.50 ($13,397.44). 26.31% of the stock is currently owned by corporate insiders.

About Wynnstay Group

Wynnstay Group Plc manufactures and supplies agricultural products in the United Kingdom. It operates through Agriculture and Specialist Agricultural Merchanting segments. The Agriculture segment offers feeds for farm livestock, feed raw materials for farmers and other manufacturers; seeds, fertiliser and agrochemicals; and grain marketing services.