ProCook Group (LON:PROC) Shares Up 4.3% – Time to Buy?

ProCook Group plc (LON:PROC) shares shot up 4.3% during mid-day trading on Wednesday . The company traded as high as GBX 49 and last traded at GBX 49. Approximately 787 shares were traded during mid-day trading, a decline of 98% from the average session volume of 41,390 shares. The stock had previously closed at GBX 47.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 62 price target on shares of ProCook Group in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 62.

ProCook Group Stock Performance

The company has a debt-to-equity ratio of 260.98, a quick ratio of 0.36 and a current ratio of 0.86. The firm’s 50 day moving average is GBX 50.42 and its 200-day moving average is GBX 40.47. The firm has a market cap of £51.41 million, a price-to-earnings ratio of 36.36 and a beta of 0.73.

ProCook Group (LON:PROC) last issued its quarterly earnings data on Thursday, June 25th. The company reported GBX 1.45 earnings per share for the quarter. The business had revenue of GBX 8,549 million for the quarter. ProCook Group had a return on equity of 16.45% and a net margin of 1.85%. Sell-side analysts anticipate that ProCook Group plc will post 1.6107383 earnings per share for the current fiscal year.

Insider Activity

In other ProCook Group news, insider Daniel O’Neill sold 27,348,120 shares of the company’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of GBX 51, for a total value of £13,947,541.20. Insiders own 37.48% of the company’s stock.

ProCook Group Company Profile

ProCook is the UK’s leading direct-to-consumer specialist kitchenware brand. ProCook designs, develops, and retails a high-quality range of direct-sourced and own-brand kitchenware which provides customers with significant value for money.

The brand sells directly through its website, www.procook.co.uk, and through over 70 own-brand retail stores, located across the UK.

Founded 30 years ago as a family business, selling cookware sets by direct mail in the UK, ProCook has grown into a market leading, multi-channel specialist kitchenware company, employing over 700 colleagues, and operating from its Store Support Centre in Gloucester.

As a B Corp, a Real Living Wage employer and a certified Great Place to Work™, ProCook is committed to being a socially responsible and environmentally conscious business for the benefit of all stakeholders.