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

Portmeirion Group PLC (LON:PMP)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 83.45 and traded as low as GBX 51. Portmeirion Group shares last traded at GBX 51, with a volume of 45,988 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reissued a “house stock” rating on shares of Portmeirion Group in a report on Monday, June 29th.

Portmeirion Group Stock Performance

The firm’s 50 day moving average is GBX 63.34 and its 200-day moving average is GBX 83.22. The stock has a market capitalization of £25.98 million, a price-to-earnings ratio of -1.13, a PEG ratio of 0.75 and a beta of 0.45. The company has a debt-to-equity ratio of 59.99, a quick ratio of 0.68 and a current ratio of 1.54.

Portmeirion Group (LON:PMP) last released its quarterly earnings results on Wednesday, May 6th. The company reported GBX (25.30) EPS for the quarter. Portmeirion Group had a negative net margin of 6.86% and a negative return on equity of 12.61%. The firm had revenue of GBX 9,106 million for the quarter. Analysts forecast that Portmeirion Group PLC will post 52.5900016 earnings per share for the current fiscal year.

Insider Transactions at Portmeirion Group

In other Portmeirion Group news, insider Jeremy Wilson purchased 40,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were bought at an average price of GBX 50 per share, for a total transaction of £20,000. Also, insider Michael Scheepers bought 100,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of GBX 50 per share, for a total transaction of £50,000. Insiders have bought 500,000 shares of company stock worth $25,000,000 over the last quarter. Company insiders own 2.87% of the company’s stock.

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. Recognised around the world, our brands have a combined history of over 700 years.

With a consistent track record of growth, our revenue is generated from a variety of different channels, markets, currencies and product categories.