Artisanal Spirits (LON:ART) Trading 0.2% Higher – Here’s Why

The Artisanal Spirits Company plc (LON:ART)’s stock price was up 0.2% during mid-day trading on Monday . The stock traded as high as GBX 34.33 and last traded at GBX 33.61. Approximately 6,193 shares were traded during trading, a decline of 60% from the average daily volume of 15,639 shares. The stock had previously closed at GBX 33.55.

Analyst Upgrades and Downgrades

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 report on Thursday, November 20th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 75.

Artisanal Spirits Price Performance

The company has a quick ratio of 1.16, a current ratio of 8.32 and a debt-to-equity ratio of 196.20. The stock’s 50 day moving average price is GBX 33.92 and its two-hundred day moving average price is GBX 38.38. The stock has a market cap of £23.80 million, a price-to-earnings ratio of -6.34 and a beta of -0.11.

Insiders Place Their Bets

In related news, insider Gavin Wallace Hewitt acquired 17,647 shares of Artisanal Spirits stock in a transaction on Wednesday, November 26th. The stock was acquired at an average price of GBX 34 per share, for a total transaction of £5,999.98. Corporate insiders own 4.31% of the company’s stock.

Artisanal Spirits Company Profile

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.