Portmeirion Group (LON:PMP) Hits New 12-Month Low – Should You Sell?

Portmeirion Group PLC (LON:PMP) shares reached a new 52-week low on Friday . The company traded as low as GBX 160 ($2.02) and last traded at GBX 172.60 ($2.18), with a volume of 58928 shares trading hands. The stock had previously closed at GBX 205 ($2.59).

Analysts Set New Price Targets

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

Portmeirion Group Stock Performance

The firm has a market cap of £23.94 million, a price-to-earnings ratio of -217.50, a PEG ratio of 0.75 and a beta of 1.24. The company has a quick ratio of 0.68, a current ratio of 1.98 and a debt-to-equity ratio of 41.72. The company has a 50 day moving average of GBX 216.58 and a 200 day moving average of GBX 219.99.

Portmeirion Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, December 13th. Shareholders of record on Thursday, November 14th were given a GBX 1.50 ($0.02) dividend. This represents a dividend yield of 0.67%. The ex-dividend date was 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.