Portmeirion Group (LON:PMP) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of Portmeirion Group PLC (LON:PMP) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 76.05 and traded as low as GBX 52. Portmeirion Group shares last traded at GBX 52.50, with a volume of 15,831 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reaffirmed a “house stock” rating and issued a GBX 100 target price on shares of Portmeirion Group in a research report on Tuesday, July 28th.

Portmeirion Group Stock Down 1.9%

The firm has a market cap of £26.38 million, a price-to-earnings ratio of -1.15, a price-to-earnings-growth ratio of 0.75 and a beta of 0.47. The company has a debt-to-equity ratio of 59.99, a quick ratio of 0.68 and a current ratio of 1.54. The firm has a 50-day moving average price of GBX 51.33 and a two-hundred day moving average price of GBX 75.74.

Insider Buying and Selling at Portmeirion Group

In other Portmeirion Group news, insider Jonathan Hill purchased 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was purchased at an average price of GBX 50 per share, for a total transaction of £50,000. Also, insider Peter Tracey bought 230,000 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average price of GBX 50 per share, with a total value of £115,000. In the last three months, insiders have acquired 500,000 shares of company stock valued at $25,000,000. 2.88% of the stock is owned by insiders.

Portmeirion Group Company Profile

“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.