Card Factory (LON:CARD) Trading Down 27.4% – Here’s Why

Card Factory plc (LON:CARD) traded down 27.4% on Saturday . The stock traded as low as GBX 69.80 and last traded at GBX 70. 58,370,387 shares traded hands during trading, an increase of 3,601% from the average session volume of 1,577,172 shares. The stock had previously closed at GBX 96.40.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CARD shares. Canaccord Genuity Group reissued a “buy” rating and set a GBX 185 price objective on shares of Card Factory in a research report on Thursday, October 2nd. Peel Hunt reaffirmed a “hold” rating and set a GBX 110 price target on shares of Card Factory in a research note on Tuesday, September 30th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Card Factory currently has an average rating of “Moderate Buy” and an average price target of GBX 148.33.

Card Factory Price Performance

The stock has a market capitalization of £244.43 million, a P/E ratio of 5.69, a price-to-earnings-growth ratio of 0.84 and a beta of 2.06. The business’s 50 day simple moving average is GBX 97.62 and its two-hundred day simple moving average is GBX 98.05. The company has a quick ratio of 0.20, a current ratio of 1.10 and a debt-to-equity ratio of 39.13.

Card Factory (LON:CARD) last posted its earnings results on Tuesday, September 30th. The company reported GBX 2.80 EPS for the quarter. Card Factory had a net margin of 7.79% and a return on equity of 13.00%. As a group, sell-side analysts forecast that Card Factory plc will post 15.8347676 earnings per share for the current fiscal year.

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.