Portmeirion Group (LON:PMP) Sets New 52-Week Low – Here’s What Happened

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

Analysts Set New Price Targets

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

Portmeirion Group Stock 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 firm’s fifty day moving average price is GBX 58.86 and its two-hundred day moving average price is GBX 81.55. The stock has a market capitalization of £25.47 million, a PE ratio of -1.10, a price-to-earnings-growth ratio of 0.75 and a beta of 0.45.

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

Insiders Place Their Bets

In other news, insider Jonathan Hill bought 100,000 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of GBX 50 per share, with a total value of £50,000. Also, insider Angela Luge bought 30,000 shares of the 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. In the last 90 days, insiders have acquired 500,000 shares of company stock valued at $25,000,000. 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.