ProCook Group (LON:PROC) Trading Down 4.1% – Here’s What Happened

ProCook Group plc (LON:PROC)’s share price was down 4.1% during trading on Monday . The stock traded as low as GBX 33.80 and last traded at GBX 33.80. Approximately 41,808 shares changed hands during trading, an increase of 78% from the average daily volume of 23,435 shares. The stock had previously closed at GBX 35.25.

Analyst Ratings Changes

Separately, Canaccord Genuity Group restated a “buy” rating and issued a GBX 54 target price on shares of ProCook Group in a research report on Wednesday, November 26th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of GBX 54.

ProCook Group Trading Down 3.3%

The company has a quick ratio of 0.36, a current ratio of 0.93 and a debt-to-equity ratio of 301.33. The firm’s 50-day simple moving average is GBX 36.26 and its 200-day simple moving average is GBX 37.38. The firm has a market capitalization of £33.74 million, a PE ratio of 28.57 and a beta of 1.12.

ProCook Group (LON:PROC) last posted its quarterly earnings results on Wednesday, December 10th. The company reported GBX (2.03) earnings per share (EPS) for the quarter. ProCook Group had a return on equity of 7.65% and a net margin of 0.97%. Equities analysts expect that ProCook Group plc will post 1.6107383 earnings per share for the current year.

About ProCook Group

ProCook is the UK’s leading direct-to-consumer specialist kitchenware brand. ProCook designs, develops, and retails a high-quality range of direct-sourced and own-brand kitchenware which provides customers with significant value for money.

The brand sells directly through its website, www.procook.co.uk, and through an expanding network of over 60 own-brand retail stores, located across the UK.

Founded over 25 years ago as a family business, selling cookware sets by direct mail in the UK, ProCook has grown into a market leading, multi-channel specialist kitchenware company, employing over 600 colleagues, and operating from its Store Support Centre in Gloucester.