ProCook Group (LON:PROC) Stock Price Breaks Above Fifty Day Moving Average – What’s Next?

ProCook Group plc (LON:PROC – Get Free Report)’s stock price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of GBX 47.45 and traded as high as GBX 50. ProCook Group shares last traded at GBX 50, with a volume of 2,137 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group restated a “buy” rating and set a GBX 62 price objective on shares of ProCook Group in a research note on Thursday, October 15th. One analyst has rated the stock with a Buy rating. Based on data from MarketBeat, ProCook Group currently has a consensus rating of “Buy” and a consensus target price of GBX 62.

Get Our Latest Stock Analysis on ProCook Group

ProCook Group Price Performance

The stock’s 50 day simple moving average is GBX 47.45 and its 200-day simple moving average is GBX 40.66. The firm has a market cap of £53.55 million, a price-to-earnings ratio of 37.88 and a beta of 0.76. The company has a debt-to-equity ratio of 260.98, a quick ratio of 0.36 and a current ratio of 0.86.

Insider Activity

In related news, insider Daniel O’Neill sold 27,348,120 shares of the company’s stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of GBX 51, for a total value of £13,947,541.20. 37.48% of the stock is currently owned by insiders.

About ProCook Group

(Get Free Report)

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 over 70 own-brand retail stores, located across the UK.

Founded 30 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 700 colleagues, and operating from its Store Support Centre in Gloucester.

As a B Corp, a Real Living Wage employer and a certified Great Place to Work™, ProCook is committed to being a socially responsible and environmentally conscious business for the benefit of all stakeholders.

Further Reading

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