Portmeirion Group (LON:PMP) Shares Cross Below 200-Day Moving Average – Time to Sell?

Portmeirion Group PLC (LON:PMP) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 83.45 and traded as low as GBX 51. Portmeirion Group shares last traded at GBX 51, with a volume of 45,988 shares.

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 Price Performance

The company’s 50-day simple moving average is GBX 64.17 and its 200-day simple moving average is GBX 83.45. The company has a debt-to-equity ratio of 59.99, a current ratio of 1.54 and a quick ratio of 0.68. The stock has a market capitalization of £25.98 million, a price-to-earnings ratio of -1.13, a P/E/G ratio of 0.75 and a beta of 0.45.

Portmeirion Group (LON:PMP) last posted its earnings results on Wednesday, May 6th. The company reported GBX (25.30) EPS for the quarter. The firm had revenue of GBX 9,106 million during the quarter. Portmeirion Group had a negative net margin of 6.86% and a negative return on equity of 12.61%. Research analysts forecast that Portmeirion Group PLC will post 52.5900016 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Michael Scheepers bought 100,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was bought at an average price of GBX 50 per share, with a total value of £50,000. Also, insider Angela Luge bought 30,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average cost of GBX 50 per share, with a total value of £15,000. Over the last ninety days, insiders have purchased 500,000 shares of company stock worth $25,000,000. Corporate insiders own 2.87% of the company’s stock.

Portmeirion Group Company Profile

“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.