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

Portmeirion Group PLC (LON:PMP) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 164.06 ($2.21) and traded as low as GBX 145.60 ($1.96). Portmeirion Group shares last traded at GBX 148.90 ($2.00), with a volume of 1,102 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Portmeirion Group in a research note on Monday, March 31st.

Portmeirion Group Price Performance

The company has a market cap of £20.49 million, a price-to-earnings ratio of -1.87, a PEG ratio of 0.75 and a beta of 1.24. The company has a debt-to-equity ratio of 41.72, a quick ratio of 0.68 and a current ratio of 1.98. The company has a 50-day simple moving average of GBX 161.29 and a 200-day simple moving average of GBX 164.06.

Portmeirion Group (LON:PMP) last issued its earnings results on Monday, March 31st. The company reported GBX 8.04 ($0.11) EPS for the quarter. Portmeirion Group had a negative return on equity of 20.49% and a negative net margin of 11.53%. As a group, research analysts predict that Portmeirion Group PLC will post 52.5900016 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Peter Tracey purchased 10,000 shares of the company’s stock in a transaction on Friday, April 4th. The shares were bought at an average price of GBX 179 ($2.41) per share, with a total value of £17,900 ($24,072.08). 44.36% of the stock is owned by corporate insiders.

Portmeirion Group Company Profile

“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.