ProCook Group (LON:PROC) Trading Down 3.4% – Here’s What Happened

ProCook Group plc (LON:PROC) shares were down 3.4% during mid-day trading on Wednesday . The company traded as low as GBX 32.86 ($0.41) and last traded at GBX 32.86 ($0.41). Approximately 76,994 shares were traded during mid-day trading, an increase of 92% from the average daily volume of 40,085 shares. The stock had previously closed at GBX 34 ($0.42).

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on PROC shares. Canaccord Genuity Group restated a “buy” rating and issued a GBX 48 ($0.60) target price on shares of ProCook Group in a report on Wednesday, December 11th. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 48 ($0.60) price target on shares of ProCook Group in a report on Wednesday, December 11th.

ProCook Group Price Performance

The company’s 50 day simple moving average is GBX 36.07 and its 200 day simple moving average is GBX 30.46. The company has a current ratio of 0.93, a quick ratio of 0.36 and a debt-to-equity ratio of 301.33. The stock has a market capitalization of £35.81 million, a PE ratio of 3,286.10 and a beta of 1.12.

ProCook Group (LON:PROC) last announced its quarterly earnings data on Wednesday, December 11th. The company reported GBX (1.98) (($0.02)) EPS for the quarter. ProCook Group had a net margin of 0.98% and a return on equity of 7.58%. On average, equities analysts anticipate that ProCook Group plc will post 1.6107383 earnings per share for the current year.

ProCook Group Company Profile

ProCook is the UK’s leading direct-to-consumer specialist kitchenware brand. ProCook designs, develops, and retails a high-quality range of direct-sourced and own-brand kitchenware which provides customers with significant value for money.

The brand sells directly through its website, www.procook.co.uk, and through an expanding network of over 60 own-brand retail stores, located across the UK.

Founded over 25 years ago as a family business, selling cookware sets by direct mail in the UK, ProCook has grown into a market leading, multi-channel specialist kitchenware company, employing over 600 colleagues, and operating from its Store Support Centre in Gloucester.