Portmeirion Group (LON:PMP) Shares Down 40.4% – Here’s Why

Shares of Portmeirion Group PLC (LON:PMP) fell 40.4% on Thursday . The stock traded as low as GBX 55 and last traded at GBX 55.10. 145,019 shares traded hands during trading, an increase of 762% from the average session volume of 16,814 shares. The stock had previously closed at GBX 92.50.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a “house stock” rating on shares of Portmeirion Group in a research report on Wednesday, May 6th.

Portmeirion Group Stock Performance

The stock has a 50 day moving average of GBX 89.63 and a 200 day moving average of GBX 94.40. The company has a quick ratio of 0.68, a current ratio of 1.54 and a debt-to-equity ratio of 59.99. The company has a market capitalization of £7.42 million, a price-to-earnings ratio of -1.19, a price-to-earnings-growth ratio of 0.75 and a beta of 0.44.

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

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.