Portmeirion Group (LON:PMP) Stock Passes Below 200-Day Moving Average – Here’s Why

Portmeirion Group PLC (LON:PMP) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 189.90 ($2.46) and traded as low as GBX 145.55 ($1.88). Portmeirion Group shares last traded at GBX 149.22 ($1.93), with a volume of 19,588 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Portmeirion Group in a research note on Friday, December 13th.

Portmeirion Group Stock Performance

The stock’s 50-day simple moving average is GBX 154.71 and its 200 day simple moving average is GBX 189.90. The company has a debt-to-equity ratio of 41.72, a current ratio of 1.98 and a quick ratio of 0.68. The stock has a market capitalization of £20.53 million, a P/E ratio of -1.87, a PEG ratio of 0.75 and a beta of 1.24.

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.