Portmeirion Group (LON:PMP) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Portmeirion Group PLC (LON:PMP)’s stock price passed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 64.38 and traded as low as GBX 47. Portmeirion Group shares last traded at GBX 47.45, with a volume of 12,908 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reissued a “house stock” rating on shares of Portmeirion Group in a research note on Wednesday, September 23rd.

Portmeirion Group Trading Down 1.1%

The stock has a market cap of £23.85 million, a price-to-earnings ratio of -0.81, a PEG ratio of 0.75 and a beta of 0.48. The company has a quick ratio of 0.68, a current ratio of 2.20 and a debt-to-equity ratio of 30.04. The company’s fifty day moving average is GBX 50.44 and its two-hundred day moving average is GBX 64.07.

Portmeirion Group (LON:PMP) last announced its earnings results on Wednesday, September 23rd. The company reported GBX (31.40) EPS for the quarter. Portmeirion Group had a negative net margin of 9.22% and a negative return on equity of 15.27%. On average, research analysts predict that Portmeirion Group PLC will post 52.59 EPS for the current fiscal year.

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.