The Pebble Group (LON:PEBB) Trading 13.5% Higher - Here's Why

The Pebble Group plc (LON:PEBB - Get Free Report)'s stock price shot up 13.5% during trading on Thursday . The stock traded as high as GBX 39 ($0.52) and last traded at GBX 38.60 ($0.52). 29,610,111 shares changed hands during trading, an increase of 4,365% from the average session volume of 663,224 shares. The stock had previously closed at GBX 34 ($0.46).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 100 ($1.35) target price on shares of The Pebble Group in a research note on Monday, March 24th.

The Pebble Group Trading Up 7.3%

The company has a quick ratio of 1.16, a current ratio of 1.94 and a debt-to-equity ratio of 8.25. The firm has a market capitalization of £72.45 million, a P/E ratio of 12.89 and a beta of 1.14. The firm's 50-day simple moving average is GBX 36.05 and its 200-day simple moving average is GBX 41.55.

The Pebble Group (LON:PEBB - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The company reported GBX 4.63 ($0.06) earnings per share for the quarter. The Pebble Group had a return on equity of 6.55% and a net margin of 4.74%. Analysts anticipate that The Pebble Group plc will post 5.0724638 EPS for the current year.

The Pebble Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 13th. Shareholders of record on Thursday, May 15th will be paid a GBX 1.85 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from The Pebble Group's previous dividend of $1.20. This represents a yield of 4.62%. The Pebble Group's payout ratio is currently 29.29%.

Insider Buying and Selling at The Pebble Group

In related news, insider Christopher Lee acquired 270,000 shares of the company's stock in a transaction dated Friday, April 11th. The stock was purchased at an average price of GBX 37 ($0.50) per share, with a total value of £99,900 ($134,454.91). Company insiders own 12.02% of the company's stock.

The Pebble Group Company Profile

The Pebble Group plc (www.thepebblegroup.com) is a provider of digital commerce, products and related services to the global promotional products industry, comprising two differentiated businesses, focused on specific areas of the promotional products market: Facilisgroup (www.facilisgroup.com) and Brand Addition (www.brandaddition.com). Facilisgroup focuses on supporting the growth of mid-sized promotional product businesses in North America by providing a digital commerce platform, which enables those businesses to benefit from significant business efficiency and gain meaningful supply chain advantage from the ability to purchase from quality suppliers under preferred terms. Brand Addition focuses upon providing promotional products and related services under contract to some of the world's most recognisable brands.