Portmeirion Group (LON:PMP) Sets New 1-Year Low – Here’s What Happened

Portmeirion Group PLC (LON:PMP) hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 48.50 and last traded at GBX 51, with a volume of 61542 shares traded. The stock had previously closed at GBX 51.50.

Analysts Set New Price Targets

Separately, Shore Capital Group restated a “house stock” rating on shares of Portmeirion Group in a research note on Monday, June 29th.

Portmeirion Group Price Performance

The firm has a 50-day moving average of GBX 63.34 and a 200-day moving average of GBX 83.22. The stock has a market cap of £25.98 million, a PE ratio of -1.13, a PEG ratio of 0.75 and a beta of 0.45. The company has a debt-to-equity ratio of 59.99, a current ratio of 1.54 and a quick ratio of 0.68.

Portmeirion Group (LON:PMP) last posted its quarterly earnings results on Wednesday, May 6th. The company reported GBX (25.30) earnings per share for the quarter. Portmeirion Group had a negative return on equity of 12.61% and a negative net margin of 6.86%.The business had revenue of GBX 9,106 million during the quarter. Research analysts predict that Portmeirion Group PLC will post 52.5900016 EPS for the current year.

Insider Buying and Selling at Portmeirion Group

In other news, insider Jonathan Hill purchased 100,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was acquired at an average price of GBX 50 per share, for a total transaction of £50,000. Also, insider Angela Luge acquired 30,000 shares of Portmeirion Group stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average cost of GBX 50 per share, for a total transaction of £15,000. Over the last three months, insiders have purchased 500,000 shares of company stock worth $25,000,000. Insiders own 2.87% of the company’s stock.

About Portmeirion Group

“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.