Portmeirion Group (LON:PMP) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Portmeirion Group PLC (LON:PMP) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 177.36 ($2.36) and traded as low as GBX 161 ($2.14). Portmeirion Group shares last traded at GBX 161 ($2.14), with a volume of 5,000 shares changing hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Portmeirion Group in a research note on Monday, March 31st.

Portmeirion Group Stock Performance

The firm has a market cap of £22.15 million, a PE ratio of -2.02, a P/E/G ratio of 0.75 and a beta of 1.24. The stock has a 50-day moving average price of GBX 157.21 and a 200 day moving average price of GBX 177.36. The company has a debt-to-equity ratio of 41.72, a current ratio of 1.98 and a quick ratio of 0.68.

Portmeirion Group (LON:PMP) last posted its quarterly earnings results on Monday, March 31st. The company reported GBX 8.04 ($0.11) EPS for the quarter. Portmeirion Group had a negative return on equity of 20.49% and a negative net margin of 11.53%. Research analysts forecast that Portmeirion Group PLC will post 52.5900016 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Peter Tracey bought 10,000 shares of Portmeirion Group stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average price of GBX 179 ($2.38) per share, for a total transaction of £17,900 ($23,812.69). 44.36% of the stock is currently owned by company insiders.

Portmeirion Group Company Profile

“Our vision is to be a leading force in the global homeware sector focused on growing our great British brands.”

Based in Stoke-on-Trent, we are the owner, designer, manufacturer and omni-channel retailer of leading homeware brands in global markets. Our much loved brands include Portmeirion, Spode, Royal Worcester, Nambé, Pimpernel and Wax Lyrical.