ProCook Group (LON:PROC) Shares Down 11.2% – Here’s Why

ProCook Group plc (LON:PROC) dropped 11.2% on Thursday . The stock traded as low as GBX 25.30 ($0.32) and last traded at GBX 25.30 ($0.32). Approximately 59,805 shares were traded during trading, an increase of 66% from the average daily volume of 36,009 shares. The stock had previously closed at GBX 28.50 ($0.36).

Analysts Set New Price Targets

Several analysts have commented on the company. Canaccord Genuity Group restated a “buy” rating and issued a GBX 48 ($0.61) price target on shares of ProCook Group in a report on Wednesday, December 11th. Canaccord Genuity Group restated a “buy” rating and issued a GBX 48 ($0.61) target price on shares of ProCook Group in a report on Wednesday, December 11th.

ProCook Group Stock Down 5.4 %

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 firm has a 50-day moving average of GBX 33.99 and a 200 day moving average of GBX 30.92. The stock has a market capitalization of £27.32 million, a price-to-earnings ratio of 44.78 and a beta of 1.12.

ProCook Group (LON:PROC) last issued its quarterly earnings results on Wednesday, December 11th. The company reported GBX (1.98) (($0.03)) EPS for the quarter. ProCook Group had a net margin of 0.97% and a return on equity of 7.65%. On average, sell-side analysts anticipate that ProCook Group plc will post 1.6107383 earnings per share for the current 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.