ProCook Group (LON:PROC) Shares Down 3% – What’s Next?

ProCook Group plc (LON:PROC) shares were down 3% during mid-day trading on Wednesday . The company traded as low as GBX 31.04 and last traded at GBX 31.04. Approximately 22,613 shares were traded during mid-day trading, a decline of 26% from the average daily volume of 30,661 shares. The stock had previously closed at GBX 32.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 54 target price on shares of ProCook Group in a report on Wednesday, November 26th. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of GBX 54.

ProCook Group Stock Down 3.0%

The firm has a market cap of £32.73 million, a PE ratio of 27.71 and a beta of 1.12. The company has a debt-to-equity ratio of 301.33, a current ratio of 0.93 and a quick ratio of 0.36. The business has a fifty day moving average price of GBX 35.92 and a two-hundred day moving average price of GBX 35.95.

ProCook Group (LON:PROC) last posted its quarterly earnings results on Wednesday, December 10th. The company reported GBX (2.03) EPS for the quarter. ProCook Group had a return on equity of 7.65% and a net margin of 0.97%. On average, analysts anticipate that ProCook Group plc will post 1.6107383 EPS for the current fiscal year.

ProCook Group Company Profile

ProCook is the UK’s leading direct-to-consumer specialist kitchenware brand. ProCook designs, develops, and retails a high-quality range of direct-sourced and own-brand kitchenware which provides customers with significant value for money.

The brand sells directly through its website, www.procook.co.uk, and through an expanding network of over 60 own-brand retail stores, located across the UK.

Founded over 25 years ago as a family business, selling cookware sets by direct mail in the UK, ProCook has grown into a market leading, multi-channel specialist kitchenware company, employing over 600 colleagues, and operating from its Store Support Centre in Gloucester.