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

Shares of ProCook Group plc (LON:PROC) were up 6.3% on Friday . The stock 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).

Analyst Upgrades and Downgrades

Several analysts recently weighed in on PROC shares. Canaccord Genuity Group restated a “buy” rating and set a GBX 48 ($0.62) price objective on shares of ProCook Group in a research report on Wednesday, December 11th. Canaccord Genuity Group restated a “buy” rating and set a GBX 48 ($0.62) price objective on shares of ProCook Group in a research report on Wednesday, December 11th.

ProCook Group Trading Up 6.3 %

The business has a fifty day simple moving average of GBX 30.63 and a 200-day simple moving average of GBX 30.75. The company has a debt-to-equity ratio of 301.33, a quick ratio of 0.36 and a current ratio of 0.93. The firm has a market cap of £25.93 million, a price-to-earnings ratio of 42.51 and a beta of 1.12.

ProCook Group (LON:PROC) last issued its earnings results 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%. As a group, equities analysts forecast that ProCook Group plc will post 1.6107383 earnings per share for the current fiscal year.

About ProCook Group

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.