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

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 108.87 and traded as low as GBX 96.50. Portmeirion Group shares last traded at GBX 97, with a volume of 11,406 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a “house stock” rating on shares of Portmeirion Group in a research report on Tuesday, February 3rd.

Portmeirion Group Trading Up 1.6%

The company has a debt-to-equity ratio of 41.72, a current ratio of 1.98 and a quick ratio of 0.68. The company has a market cap of £13.37 million, a price-to-earnings ratio of 153.97, a PEG ratio of 0.75 and a beta of 1.24. The business’s 50-day simple moving average is GBX 97.11 and its 200-day simple moving average is GBX 108.87.

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.