ProCook Group (LON:PROC) Trading 13.1% Higher – Here’s Why

Shares of ProCook Group plc (LON:PROC) shot up 13.1% during trading on Thursday . The stock traded as high as GBX 29.98 ($0.39) and last traded at GBX 29.98 ($0.39). 297,437 shares traded hands during trading, an increase of 1,019% from the average session volume of 26,572 shares. The stock had previously closed at GBX 26.50 ($0.34).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 48 ($0.62) target price on shares of ProCook Group in a report on Wednesday, October 16th.

ProCook Group Stock Down 9.1 %

The company has a 50 day simple moving average of GBX 26.26 and a two-hundred day simple moving average of GBX 24.98. The company has a current ratio of 0.93, a quick ratio of 0.36 and a debt-to-equity ratio of 301.33. The firm has a market capitalization of £32.69 million, a P/E ratio of 3,000.00 and a beta of 1.12.

About ProCook Group

ProCook Group plc, through its subsidiaries, engages in the sale of kitchenware and related products in the United Kingdom. The company operates in two segments, Ecommerce and Retail. It offers a range of cookware and tableware products, and kitchen accessories; and holds properties. The company was founded in 1996 and is headquartered in Gloucester, the United Kingdom.