Artisanal Spirits (LON:ART) Trading 3.2% Higher – Should You Buy?

The Artisanal Spirits Company plc (LON:ART) shares rose 3.2% during mid-day trading on Friday . The company traded as high as GBX 35 and last traded at GBX 34.58. Approximately 1,382 shares traded hands during trading, a decline of 92% from the average daily volume of 18,156 shares. The stock had previously closed at GBX 33.50.

Analysts Set New Price Targets

Separately, Panmure Gordon reduced their target price on Artisanal Spirits from GBX 95 to GBX 75 and set a “buy” rating on the stock in a research note on Thursday, November 20th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Artisanal Spirits presently has an average rating of “Buy” and an average target price of GBX 75.

Artisanal Spirits Price Performance

The company has a debt-to-equity ratio of 196.20, a quick ratio of 1.16 and a current ratio of 8.32. The firm has a fifty day simple moving average of GBX 33.97 and a 200 day simple moving average of GBX 39.75. The company has a market capitalization of £24.48 million, a PE ratio of -6.52 and a beta of -0.11.

Insider Buying and Selling at Artisanal Spirits

In other news, insider Gavin Wallace Hewitt acquired 17,647 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The stock was purchased at an average cost of GBX 34 per share, for a total transaction of £5,999.98. 4.31% of the stock is owned by insiders.

About Artisanal Spirits

About The Artisanal Spirits Company (ASC)

ASC’s purpose is to captivate a global community of whisky adventurers, creating and selling outstanding, limited-edition whiskies and experiences around the world with an ambition to create a high quality, highly profitable and cash generative, premium global business.

Based in Edinburgh, ASC owns The Scotch Malt Whisky Society (SMWS), Single Cask Nation (SCN) and J.G. Thomson (JGT). Owning over 18,000 casks primarily comprising Single Malt Scotch Whisky, ASC’s stock includes outstanding whisky (and other spirits) from 150 different distilleries across 20 countries which is sold to members both as individual bottles and whole casks.

With an established global presence in some 30 countries, SMWS operates a direct-to-consumer model (90% of revenue) primarily through e-commerce, in addition to four member rooms in the UK.