Portmeirion Group (LON:PMP) Stock Passes Below 50-Day Moving Average – Should You Sell?

Shares of Portmeirion Group PLC (LON:PMP) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 73.61 and traded as low as GBX 52.50. Portmeirion Group shares last traded at GBX 54, with a volume of 13,891 shares trading hands.

Analyst Ratings Changes

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

Portmeirion Group Stock Performance

The company has a debt-to-equity ratio of 59.99, a quick ratio of 0.68 and a current ratio of 1.54. The business’s fifty day simple moving average is GBX 72 and its 200-day simple moving average is GBX 86.51. The firm has a market capitalization of £26.75 million, a PE ratio of -1.16, a price-to-earnings-growth ratio of 0.75 and a beta of 0.45.

Portmeirion Group (LON:PMP) last released its quarterly earnings data on Wednesday, May 6th. The company reported GBX (25.30) EPS for the quarter. The company had revenue of GBX 9,106 million for the quarter. Portmeirion Group had a negative net margin of 6.86% and a negative return on equity of 12.61%. As a group, equities research analysts expect that Portmeirion Group PLC will post 52.5900016 EPS for the current year.

Insider Activity at Portmeirion Group

In related news, insider Peter Tracey purchased 230,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average cost of GBX 50 per share, for a total transaction of £115,000. Also, insider Angela Luge bought 30,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was bought at an average price of GBX 50 per share, for a total transaction of £15,000. Insiders purchased a total of 500,000 shares of company stock worth $25,000,000 in the last three months. 2.87% of the stock is owned by insiders.

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.