Portmeirion Group (LON:PMP) Reaches New 52-Week Low – Here’s Why

Portmeirion Group PLC (LON:PMP)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as GBX 48.50 and last traded at GBX 51, with a volume of 61542 shares changing hands. The stock had previously closed at GBX 51.50.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group restated a “house stock” rating on shares of Portmeirion Group in a report on Monday, June 29th.

Portmeirion Group Price Performance

The company has a current ratio of 1.54, a quick ratio of 0.68 and a debt-to-equity ratio of 59.99. The business’s 50 day moving average price is GBX 63.34 and its two-hundred day moving average price is GBX 83.22. The stock has a market cap of £25.98 million, a P/E ratio of -1.13, a price-to-earnings-growth ratio of 0.75 and a beta of 0.45.

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

Insider Buying and Selling

In other news, insider Angela Luge purchased 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, for a total transaction of £15,000. Also, insider Jeremy Wilson bought 40,000 shares of the company’s stock in a transaction on Tuesday, June 23rd. The stock was purchased at an average cost of GBX 50 per share, for a total transaction of £20,000. Insiders have bought a total of 500,000 shares of company stock valued at $25,000,000 in the last ninety days. Corporate insiders own 2.87% of the company’s stock.

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.