Portmeirion Group (LON:PMP) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Portmeirion Group PLC (LON:PMP)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 225.51 ($2.84) and traded as high as GBX 226.07 ($2.85). Portmeirion Group shares last traded at GBX 225 ($2.84), with a volume of 7,212 shares trading hands.

Wall Street Analysts Forecast Growth

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

Portmeirion Group Price Performance

The firm has a 50 day moving average price of GBX 221.77 and a two-hundred day moving average price of GBX 225.44. The company has a debt-to-equity ratio of 41.72, a quick ratio of 0.68 and a current ratio of 1.98. The company has a market cap of £31.11 million, a P/E ratio of -281.50, a P/E/G ratio of 0.75 and a beta of 1.24.

Portmeirion Group Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, December 13th. Shareholders of record on Thursday, November 14th will be paid a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a yield of 0.67%. Portmeirion Group’s dividend payout ratio is currently -500.00%.

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.