Portmeirion Group (LON:PMP) Shares Pass Below 50-Day Moving Average – Here’s What Happened

Shares of Portmeirion Group PLC (LON:PMP) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 73.61 and traded as low as GBX 52.50. Portmeirion Group shares last traded at GBX 54, with a volume of 13,891 shares trading hands.

Analyst Ratings Changes

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

Portmeirion Group Price Performance

The stock has a market capitalization of £27.17 million, a PE ratio of -1.18, a P/E/G ratio of 0.75 and a beta of 0.45. The company has a debt-to-equity ratio of 59.99, a current ratio of 1.54 and a quick ratio of 0.68. The stock’s fifty day moving average is GBX 73.61 and its 200-day moving average is GBX 87.12.

Portmeirion Group (LON:PMP) last issued its quarterly earnings data on Wednesday, May 6th. The company reported GBX (25.30) earnings per share for the quarter. Portmeirion Group had a negative return on equity of 12.61% and a negative net margin of 6.86%.The firm had revenue of GBX 9,106 million during the quarter. As a group, equities analysts predict 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 acquired 100,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average cost 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.

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.