Cake Box (LON:CBOX) Stock Price Up 3.4% – Here’s Why

Cake Box Holdings Plc (LON:CBOX) shares rose 3.4% during trading on Tuesday . The stock traded as high as GBX 225 ($2.99) and last traded at GBX 225 ($2.99). Approximately 41,656 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 78,712 shares. The stock had previously closed at GBX 217.50 ($2.89).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “house stock” rating on shares of Cake Box in a report on Tuesday, July 15th.

Cake Box Stock Performance

The company has a market capitalization of £91.88 million, a P/E ratio of 19.72 and a beta of 1.19. The company has a debt-to-equity ratio of 18.51, a current ratio of 2.50 and a quick ratio of 1.99. The stock’s 50 day simple moving average is GBX 190.83 and its two-hundred day simple moving average is GBX 187.73.

Cake Box (LON:CBOX) last announced its earnings results on Tuesday, July 15th. The company reported GBX 10.90 ($0.14) earnings per share for the quarter. Cake Box had a net margin of 12.31% and a return on equity of 25.44%. As a group, research analysts expect that Cake Box Holdings Plc will post 11.1000004 earnings per share for the current year.

About Cake Box

Cake Box Holdings Plc, together with its subsidiaries, engages in the retail of fresh cream celebration cakes in the United Kingdom. The company sells cakes, cupcakes, cheesecakes, and treats; and party accessories, including balloons and candles. It also engages in the franchising of specialist cake stores; and property rental activities.