Portmeirion Group (LON:PMP) Shares Pass Below 200-Day Moving Average – Here’s Why

Portmeirion Group PLC (LON:PMP) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 103.92 and traded as low as GBX 93.55. Portmeirion Group shares last traded at GBX 93.61, with a volume of 10,372 shares trading hands.

Wall Street Analyst Weigh In

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

Portmeirion Group Stock Performance

The firm has a market capitalization of £13.03 million, a P/E ratio of 150.00, a PEG ratio of 0.75 and a beta of 1.24. The company has a quick ratio of 0.68, a current ratio of 1.74 and a debt-to-equity ratio of 51.63. The firm has a 50 day moving average of GBX 96.67 and a 200-day moving average of GBX 103.78.

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.