Moonpig Group (LON:MOON) Shares Down 1% – Here’s Why

Moonpig Group PLC (LON:MOON)’s share price fell 1% during trading on Wednesday . The company traded as low as GBX 205.16 ($2.76) and last traded at GBX 206.95 ($2.78). 1,092,799 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 1,983,083 shares. The stock had previously closed at GBX 209 ($2.81).

Analyst Ratings Changes

Several brokerages have recently commented on MOON. Berenberg Bank restated a “buy” rating and set a GBX 330 target price on shares of Moonpig Group in a report on Friday, May 2nd. Deutsche Bank Aktiengesellschaft downgraded shares of Moonpig Group to a “hold” rating and reduced their price target for the stock from GBX 290 to GBX 235 in a research report on Friday, July 4th. Finally, Shore Capital restated a “not rated” rating on shares of Moonpig Group in a research report on Thursday, June 26th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 274.75.

Moonpig Group Trading Down 1.0%

The company has a market cap of £704.41 million, a P/E ratio of 20.80 and a beta of 1.24. The company has a quick ratio of 0.46, a current ratio of 0.24 and a debt-to-equity ratio of 3,511.31. The business has a 50-day moving average price of GBX 222.37 and a two-hundred day moving average price of GBX 224.74.

Insider Activity

In other Moonpig Group news, insider Andy MacKinnon sold 51,999 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of GBX 215, for a total transaction of £111,797.85. Also, insider Nickyl Raithatha sold 87,950 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of GBX 215, for a total value of £189,092.50. Company insiders own 4.31% of the company’s stock.

About Moonpig Group

Moonpig Group plc is a leading online greeting card and gifting platform, comprising the Moonpig, Buyagift and Red Letter Days brands in the UK and the Greetz brand in the Netherlands. The Group is the online market leader in cards in both of its core markets and is also the UK market leader in gift experiences.