Portmeirion Group (LON:PMP) Stock Price Down 40.4% – Here’s What Happened

Portmeirion Group PLC (LON:PMP)’s share price dropped 40.4% during mid-day trading on Thursday . The stock traded as low as GBX 55 and last traded at GBX 55.10. Approximately 145,019 shares were traded during trading, an increase of 762% from the average daily volume of 16,814 shares. The stock had previously closed at GBX 92.50.

Wall Street Analysts Forecast Growth

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

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 firm has a market cap of £7.72 million, a P/E ratio of 88.89, a PEG ratio of 0.75 and a beta of 1.24. The company has a fifty day moving average price of GBX 91.16 and a two-hundred day moving average price of GBX 95.03.

Portmeirion Group (LON:PMP) last released its quarterly earnings data on Wednesday, May 6th. The company reported GBX (25.30) earnings per share for the quarter. Portmeirion Group had a negative net margin of 6.86% and a negative return on equity of 12.61%. The business had revenue of GBX 9,106 million for the quarter. Equities analysts anticipate that Portmeirion Group PLC will post 52.5900016 earnings per share 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.