Portmeirion Group (LON:PMP) Sets New 1-Year Low – Here’s Why

Portmeirion Group PLC (LON:PMP) reached a new 52-week low on Thursday . The stock traded as low as GBX 47.14 and last traded at GBX 47.38, with a volume of 45233 shares. The stock had previously closed at GBX 49.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reissued a “house stock” rating and issued a GBX 100 target price on shares of Portmeirion Group in a report on Tuesday.

Portmeirion Group Stock Performance

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’s 50 day simple moving average is GBX 60.70 and its two-hundred day simple moving average is GBX 82.16. The company has a market capitalization of £24.13 million, a P/E ratio of -1.05, a P/E/G ratio of 0.75 and a beta of 0.45.

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

Insider Activity at Portmeirion Group

In other news, insider Angela Luge bought 30,000 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, for a total transaction of £15,000. Also, insider Michael Scheepers purchased 100,000 shares of the business’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average cost of GBX 50 per share, for a total transaction of £50,000. Insiders have purchased a total of 500,000 shares of company stock valued at $25,000,000 over the last quarter. 2.87% of the stock is currently owned by corporate insiders.

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.