ProCook Group (LON:PROC) Stock Crosses Above 50-Day Moving Average – What’s Next?

ProCook Group plc (LON:PROC) 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.

Wall Street Analyst Weigh In

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

ProCook Group Stock Performance

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

Insider Transactions at ProCook Group

In related news, insider Daniel O?Neill sold 27,348,120 shares of ProCook Group 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. Company insiders own 37.48% of the company’s stock.

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 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.