Card Factory (LON:CARD) Shares Cross Above 50-Day Moving Average – Here’s Why

Card Factory plc (LON:CARD) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 96.13 ($1.30) and traded as high as GBX 104 ($1.41). Card Factory shares last traded at GBX 102.60 ($1.39), with a volume of 521,669 shares changing hands.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on CARD shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 150 target price on shares of Card Factory in a research report on Tuesday, July 29th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 110 target price on shares of Card Factory in a research report on Tuesday, July 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 148.33.

Card Factory Price Performance

The company has a debt-to-equity ratio of 39.13, a quick ratio of 0.20 and a current ratio of 1.10. The company has a market capitalization of £360.27 million, a PE ratio of 748.91, a P/E/G ratio of 0.84 and a beta of 2.06. The company’s 50-day simple moving average is GBX 96.13 and its 200-day simple moving average is GBX 92.55.

Insider Buying and Selling

In other Card Factory news, insider Darcy Willson Rymer sold 60,661 shares of the stock in a transaction dated Monday, June 16th. The stock was sold at an average price of GBX 95, for a total value of £57,627.95. Corporate insiders own 4.42% of the company’s stock.

About Card Factory

Card Factory plc operates as a specialist retailer of cards, gifts, and celebration essentials in the United Kingdom and internationally. It operates through five segments: Cardfactory Stores, Cardfactory Online, Getting Personal, Partnerships, and Printcraft. The company provides greeting cards, celebration accessories, and gifts through cardfactory stores, cardfactory online retails, and network of third-party retail partners; and personalised cards and gifts through online retailer, as well as manufactures and sells greeting cards and personalised gifts through its stores and online businesses.