Portmeirion Group (LON:PMP) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Portmeirion Group PLC (LON:PMP)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 102.58 and traded as low as GBX 91.10. Portmeirion Group shares last traded at GBX 91.10, with a volume of 4,500 shares changing hands.

Wall Street Analyst Weigh In

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

Portmeirion Group Stock Performance

The stock has a 50 day simple moving average of GBX 95.75 and a 200 day simple moving average of GBX 102.25. The company has a quick ratio of 0.68, a current ratio of 1.74 and a debt-to-equity ratio of 51.63. The company has a market cap of £12.59 million, a price-to-earnings ratio of 144.97, a PEG ratio of 0.75 and a beta of 1.24.

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.