Premier Miton Group (LON:PMI) Stock Price Down 11% – Here’s Why

Premier Miton Group plc (LON:PMI)’s share price was down 11% on Thursday . The company traded as low as GBX 50.25 and last traded at GBX 51.95. Approximately 578,879 shares changed hands during mid-day trading, an increase of 7% from the average daily volume of 541,044 shares. The stock had previously closed at GBX 58.40.

Premier Miton Group Stock Down 2.7%

The company has a 50-day moving average of GBX 54.64 and a 200-day moving average of GBX 60.39. The company has a current ratio of 1.32, a quick ratio of 1.21 and a debt-to-equity ratio of 1.95. The company has a market capitalization of £78.79 million, a price-to-earnings ratio of 65.79 and a beta of 1.22.

Premier Miton Group (LON:PMI) last issued its quarterly earnings results on Thursday, December 4th. The company reported GBX 5.52 earnings per share for the quarter. Premier Miton Group had a return on equity of 1.75% and a net margin of 3.18%. On average, equities analysts predict that Premier Miton Group plc will post 7.1593533 earnings per share for the current fiscal year.

Insider Transactions at Premier Miton Group

In other Premier Miton Group news, insider Piers Godfrey Harrison sold 16,943 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were sold at an average price of GBX 58, for a total value of £9,826.94. Insiders own 10.75% of the company’s stock.

About Premier Miton Group

Premier Miton Group plc is a publicly owned investment manager. The firm invests in public equity and fixed income markets across the globe. Premier Miton Group plc was formerly known as Premier Asset Management Group Plc. Premier Miton Group plc was founded in November 2019 and is based in Surrey, United Kingdom.