Artisanal Spirits (LON:ART) Trading 0.9% Higher – Here’s Why

The Artisanal Spirits Company plc (LON:ART) shot up 0.9% during trading on Wednesday . The company traded as high as GBX 26 and last traded at GBX 25.72. Approximately 19,656 shares were traded during mid-day trading, an increase of 47% from the average session volume of 13,340 shares. The stock had previously closed at GBX 25.50.

Artisanal Spirits Stock Performance

The firm has a 50-day simple moving average of GBX 29.67 and a two-hundred day simple moving average of GBX 31.63. The company has a current ratio of 3.30, a quick ratio of 1.16 and a debt-to-equity ratio of 485.77. The company has a market capitalization of £18.21 million, a price-to-earnings ratio of -2.50 and a beta of 0.14.

About Artisanal Spirits

ASC’s purpose is to captivate a global community of whisky adventurers, by 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), J.G.Thomson (JGT) and Artisan Casks. Owning over 18,000 casks primarily comprising Single Malt Scotch Whisky, ASC’s stock includes outstanding whisky (and other spirits) from 100 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.