ProCook Group (LON:PROC) Trading Up 6.3% – Here’s What Happened

Shares of ProCook Group plc (LON:PROC) were up 6.3% during mid-day trading on Friday . The company traded as high as GBX 23.80 ($0.31) and last traded at GBX 23.80 ($0.31). Approximately 8,004 shares changed hands during trading, a decline of 77% from the average daily volume of 34,550 shares. The stock had previously closed at GBX 22.40 ($0.29).

Analysts Set New Price Targets

Several brokerages have commented on PROC. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 48 ($0.62) price objective on shares of ProCook Group in a research report on Wednesday, December 11th. Canaccord Genuity Group reissued a “buy” rating and set a GBX 48 ($0.62) target price on shares of ProCook Group in a research note on Wednesday, December 11th.

ProCook Group Trading Up 6.3 %

The stock’s 50-day moving average price is GBX 30.63 and its 200 day moving average price is GBX 30.75. The company has a debt-to-equity ratio of 301.33, a current ratio of 0.93 and a quick ratio of 0.36. The firm has a market capitalization of £25.93 million, a PE ratio of 42.51 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) (($0.03)) earnings per share (EPS) for the quarter. ProCook Group had a return on equity of 7.65% and a net margin of 0.97%. On average, sell-side analysts expect that ProCook Group plc will post 1.6107383 EPS for the current fiscal 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.