Portmeirion Group (LON:PMP) Hits New 1-Year Low – What’s Next?

Portmeirion Group PLC (LON:PMP) shares hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 48.50 and last traded at GBX 51, with a volume of 61542 shares changing hands. The stock had previously closed at GBX 51.50.

Wall Street Analysts Forecast Growth

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

Portmeirion Group Stock Down 1.0%

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

Portmeirion Group (LON:PMP) last issued its 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 during the quarter. Sell-side analysts forecast that Portmeirion Group PLC will post 52.5900016 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jonathan Hill acquired 100,000 shares of Portmeirion Group stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average price of GBX 50 per share, with a total value of £50,000. Also, insider Jeremy Wilson acquired 40,000 shares of Portmeirion Group stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average cost of GBX 50 per share, with a total value of £20,000. In the last quarter, insiders have purchased 500,000 shares of company stock valued at $25,000,000. 2.87% of the stock is currently owned by corporate insiders.

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.