Portmeirion Group (LON:PMP) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Portmeirion Group PLC (LON:PMP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 225.51 ($2.90) and traded as high as GBX 226.07 ($2.91). Portmeirion Group shares last traded at GBX 225 ($2.90), with a volume of 7,212 shares changing hands.

Wall Street Analysts Forecast Growth

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

Portmeirion Group Trading Up 1.1 %

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 stock has a market cap of £30.96 million, a PE ratio of -281.25, a price-to-earnings-growth ratio of 0.75 and a beta of 1.24. The stock has a 50-day moving average of GBX 222.34 and a 200 day moving average of GBX 225.51.

Portmeirion Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, December 13th. Investors of record on Thursday, November 14th will be issued a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a dividend yield of 0.67%. 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.