Portmeirion Group (LON:PMP) Stock Passes Below 200 Day Moving Average – What’s Next?

Portmeirion Group PLC (LON:PMP) 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 changing hands.

Wall Street Analysts Forecast Growth

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

Portmeirion Group Trading Down 1.0%

The firm has a 50-day moving average of GBX 64.17 and a two-hundred day moving average of GBX 83.45. The firm has a market capitalization of £25.98 million, a P/E ratio of -1.13, a P/E/G ratio of 0.75 and a beta of 0.45. The company has a current ratio of 1.54, a quick ratio of 0.68 and a debt-to-equity ratio of 59.99.

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

Insider Buying and Selling

In related news, insider Jonathan Hill purchased 100,000 shares of Portmeirion Group stock in a transaction dated Tuesday, June 23rd. The shares were bought at an average cost of GBX 50 per share, for a total transaction of £50,000. Also, insider Angela Luge purchased 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were bought at an average cost of GBX 50 per share, for a total transaction of £15,000. Insiders acquired a total of 500,000 shares of company stock worth $25,000,000 in the last quarter. Corporate insiders own 2.87% of the company’s stock.

About Portmeirion Group

“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.