Card Factory (LON:CARD) Shares Down 26.7% – Here’s What Happened

Card Factory plc (LON:CARD) traded down 26.7% during trading on Friday . The stock traded as low as GBX 69.90 and last traded at GBX 70.70. 40,237,207 shares were traded during trading, an increase of 2,578% from the average session volume of 1,502,242 shares. The stock had previously closed at GBX 96.40.

Analyst Ratings Changes

Several brokerages have weighed in on CARD. Peel Hunt restated a “hold” rating and issued a GBX 110 target price on shares of Card Factory in a research note on Tuesday, September 30th. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 185 price objective on shares of Card Factory in a report on Thursday, October 2nd. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Card Factory has a consensus rating of “Moderate Buy” and an average price target of GBX 148.33.

Card Factory Trading Down 27.4%

The company has a 50 day moving average of GBX 97.62 and a 200-day moving average of GBX 98.04. 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 stock has a market cap of £244.43 million, a price-to-earnings ratio of 5.69, a price-to-earnings-growth ratio of 0.84 and a beta of 2.06.

Card Factory (LON:CARD) last announced its quarterly earnings results on Tuesday, September 30th. The company reported GBX 2.80 earnings per share (EPS) for the quarter. Card Factory had a return on equity of 13.00% and a net margin of 7.79%. On average, research analysts anticipate that Card Factory plc will post 15.8347676 earnings per share for the current year.

Card Factory Company Profile

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.