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

Portmeirion Group PLC (LON:PMP) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 47.14 and last traded at GBX 47.38, with a volume of 45233 shares trading hands. The stock had previously closed at GBX 49.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group restated a “house stock” rating and issued a GBX 100 target price on shares of Portmeirion Group in a research note on Tuesday.

Portmeirion Group Stock Down 3.3%

The company has a quick ratio of 0.68, a current ratio of 1.54 and a debt-to-equity ratio of 59.99. The business has a fifty day simple moving average of GBX 60.70 and a two-hundred day simple moving average of GBX 82.16. The company has a market capitalization of £24.13 million, a price-to-earnings ratio of -1.05, a P/E/G ratio of 0.75 and a beta of 0.45.

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

Insider Transactions at Portmeirion Group

In related news, insider Jonathan Hill acquired 100,000 shares of the business’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average cost of GBX 50 per share, with a total value of £50,000. Also, insider Peter Tracey bought 230,000 shares of Portmeirion Group stock in a transaction dated Tuesday, June 23rd. The stock was purchased at an average price of GBX 50 per share, for a total transaction of £115,000. Over the last ninety days, insiders purchased 500,000 shares of company stock valued at $25,000,000. 2.87% of the stock is owned by insiders.

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.