Portmeirion Group (LON:PMP) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Portmeirion Group PLC (LON:PMP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 213.72 ($2.63) and traded as low as GBX 173.60 ($2.14). Portmeirion Group shares last traded at GBX 173.60 ($2.14), with a volume of 18,696 shares changing hands.

Wall Street Analysts Forecast Growth

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

Portmeirion Group Stock Down 2.5 %

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 firm has a market cap of £24.15 million, a P/E ratio of -219.38, a P/E/G ratio of 0.75 and a beta of 1.24. The business has a fifty day moving average of GBX 202.19 and a 200 day moving average of GBX 213.46.

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.