Portmeirion Group (LON:PMP) Shares Cross Below 200-Day Moving Average – Here’s Why

Portmeirion Group PLC (LON:PMP)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 110.22 and traded as low as GBX 94.50. Portmeirion Group shares last traded at GBX 94.50, with a volume of 1,176 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Portmeirion Group in a research note on Tuesday, February 3rd.

Portmeirion Group Trading Down 3.6%

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 stock has a market cap of £13.03 million, a P/E ratio of 150.00, a P/E/G ratio of 0.75 and a beta of 1.24. The company has a 50-day simple moving average of GBX 97.45 and a 200-day simple moving average of GBX 110.22.

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. 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.