Artisanal Spirits (LON:ART) Shares Down 0.4% – Time to Sell?

The Artisanal Spirits Company plc (LON:ART)’s stock price dropped 0.4% on Thursday . The company traded as low as GBX 33.37 and last traded at GBX 33.37. Approximately 2,706 shares traded hands during trading, a decline of 76% from the average daily volume of 11,092 shares. The stock had previously closed at GBX 33.50.

Wall Street Analysts Forecast Growth

Separately, Panmure Gordon decreased their price target on shares of Artisanal Spirits from GBX 95 to GBX 75 and set a “buy” rating for the company in a research note on Thursday, November 20th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of GBX 75.

Artisanal Spirits Stock Performance

The company has a 50-day moving average of GBX 35.96 and a 200-day moving average of GBX 41.65. The company has a market cap of £23.63 million, a PE ratio of -6.30 and a beta of -0.11. The company has a quick ratio of 1.16, a current ratio of 8.32 and a debt-to-equity ratio of 196.20.

Insider Activity

In other news, insider Gavin Wallace Hewitt bought 17,647 shares of the stock in a transaction dated Wednesday, November 26th. The stock was bought at an average price of GBX 34 per share, for a total transaction of £5,999.98. 4.31% of the stock is currently owned by insiders.

About Artisanal Spirits

About The Artisanal Spirits Company (ASC)

ASC’s purpose is to captivate a global community of whisky adventurers, creating and selling outstanding, limited-edition whiskies and experiences around the world with an ambition to create a high quality, highly profitable and cash generative, premium global business.

Based in Edinburgh, ASC owns The Scotch Malt Whisky Society (SMWS), Single Cask Nation (SCN) and J.G. Thomson (JGT). Owning over 18,000 casks primarily comprising Single Malt Scotch Whisky, ASC’s stock includes outstanding whisky (and other spirits) from 150 different distilleries across 20 countries which is sold to members both as individual bottles and whole casks.

With an established global presence in some 30 countries, SMWS operates a direct-to-consumer model (90% of revenue) primarily through e-commerce, in addition to four member rooms in the UK.