Artisanal Spirits (LON:ART) Stock Price Down 6.4% – Here’s Why

The Artisanal Spirits Company plc (LON:ART)’s share price was down 6.4% during trading on Monday . The stock traded as low as GBX 23.02 and last traded at GBX 23.40. 2,534 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 13,927 shares. The stock had previously closed at GBX 25.

Artisanal Spirits Price Performance

The company has a market cap of £16.57 million, a P/E ratio of -2.27 and a beta of 0.13. The stock has a 50-day simple moving average of GBX 24.04 and a 200 day simple moving average of GBX 28.25. The company has a debt-to-equity ratio of 485.77, a quick ratio of 1.16 and a current ratio of 3.30.

About Artisanal Spirits

ASC’s purpose is to captivate a global community of whisky adventurers, by creating and selling outstanding, limited-edition whiskies and experiences around the world, with an ambition to create a high quality, highly profitable and cash generative, premium global business.

Based in Edinburgh, ASC owns The Scotch Malt Whisky Society (SMWS), Single Cask Nation (SCN), J.G.Thomson (JGT) and Artisan Casks. Owning over 18,000 casks primarily comprising Single Malt Scotch Whisky, ASC’s stock includes outstanding whisky (and other spirits) from 100 different distilleries across 20 countries which is sold to members both as individual bottles and whole casks.

With an established global presence in some 30 countries, SMWS operates a direct-to-consumer model (90% of revenue) primarily through e-commerce, in addition to four member rooms in the UK.