Portmeirion Group (LON:PMP) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Portmeirion Group PLC (LON:PMP) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 226.91 ($2.95) and traded as low as GBX 210.30 ($2.73). Portmeirion Group shares last traded at GBX 215 ($2.79), with a volume of 6,338 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Portmeirion Group in a research report on Thursday, September 19th.

Portmeirion Group Price Performance

The stock has a market cap of £29.58 million, a P/E ratio of -268.75, a price-to-earnings-growth ratio of 0.75 and a beta of 1.24. The company has a quick ratio of 0.68, a current ratio of 1.98 and a debt-to-equity ratio of 41.72. The business’s 50-day simple moving average is GBX 220.53 and its two-hundred day simple moving average is GBX 226.91.

Portmeirion Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be issued a GBX 1.50 ($0.02) dividend. This represents a yield of 0.67%. The ex-dividend date is Thursday, November 14th. Portmeirion Group’s dividend payout ratio (DPR) is presently -500.00%.

About Portmeirion Group

Portmeirion Group PLC, together with its subsidiaries, manufactures, markets, and distributes ceramics, home fragrances, and associated homeware products in the United Kingdom, South Korea, North America, and internationally. It provides tableware, cookware, giftware, glassware, candles, placemats, coasters, bone china and porcelain tableware, wood, glass and metal alloy giftware and other associated homeware products under the Portmeirion, Spode, Royal Worcester, Nambé, Wax Lyrical, and Pimpernel brand names.