Portmeirion Group (LON:PMP) Shares Cross Below 200 Day Moving Average – Here’s Why

Portmeirion Group PLC (LON:PMP) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 218.02 ($2.74) and traded as low as GBX 174 ($2.19). Portmeirion Group shares last traded at GBX 178 ($2.24), with a volume of 241,079 shares traded.

Wall Street Analyst Weigh In

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

Portmeirion Group Stock Performance

The company has a current ratio of 1.98, a quick ratio of 0.68 and a debt-to-equity ratio of 41.72. The stock has a market capitalization of £24.49 million, a P/E ratio of -222.50, a P/E/G ratio of 0.75 and a beta of 1.24. The company’s 50-day moving average is GBX 211.94 and its two-hundred day moving average is GBX 218.02.

Portmeirion Group Company Profile

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.