Portmeirion Group (LON:PMP) Trading Down 1.6% – Time to Sell?

Shares of Portmeirion Group PLC (LON:PMP) were down 1.6% during trading on Thursday . The company traded as low as GBX 206.20 ($2.63) and last traded at GBX 206.55 ($2.64). Approximately 5,152 shares were traded during mid-day trading, a decline of 71% from the average daily volume of 17,860 shares. The stock had previously closed at GBX 210 ($2.68).

Analyst Ratings Changes

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

Portmeirion Group Stock Performance

The company has a debt-to-equity ratio of 41.72, a current ratio of 1.98 and a quick ratio of 0.68. The company’s fifty day simple moving average is GBX 219.13 and its two-hundred day simple moving average is GBX 221.63. The stock has a market cap of £28.55 million, a price-to-earnings ratio of -258.19, a P/E/G ratio of 0.75 and a beta of 1.24.

Portmeirion Group Cuts Dividend

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