Portmeirion Group (LON:PMP) Hits New 12-Month Low – What’s Next?

Portmeirion Group PLC (LON:PMP)’s stock price hit a new 52-week low on Friday . The stock traded as low as GBX 160 ($2.03) and last traded at GBX 172.60 ($2.19), with a volume of 58928 shares trading hands. The stock had previously closed at GBX 205 ($2.60).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Portmeirion Group in a report on Friday.

Portmeirion Group Stock Down 15.8 %

The company has a current ratio of 1.98, a quick ratio of 0.68 and a debt-to-equity ratio of 41.72. The firm has a market capitalization of £23.75 million, a P/E ratio of -221.63, a P/E/G ratio of 0.75 and a beta of 1.24. The stock’s 50-day simple moving average is GBX 217.60 and its 200-day simple moving average is GBX 220.53.

Portmeirion Group Cuts Dividend

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