Artisanal Spirits (LON:ART) Stock Price Up 1.6% – Here’s Why

The Artisanal Spirits Company plc (LON:ART)’s share price traded up 1.6% during trading on Tuesday . The stock traded as high as GBX 33 and last traded at GBX 32. 30,172 shares changed hands during mid-day trading, an increase of 77% from the average session volume of 17,035 shares. The stock had previously closed at GBX 31.50.

Wall Street Analyst Weigh In

Separately, Panmure Gordon reduced their price objective on shares of Artisanal Spirits from GBX 95 to GBX 75 and set a “buy” rating for the company in a research report on Thursday, November 20th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 75.

Artisanal Spirits Price Performance

The company has a market cap of £22.66 million, a price-to-earnings ratio of -6.04 and a beta of -0.11. The company has a current ratio of 3.58, a quick ratio of 1.16 and a debt-to-equity ratio of 312.26. The company has a fifty day moving average price of GBX 33.24 and a two-hundred day moving average price of GBX 36.88.

About Artisanal Spirits

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.