Card Factory (LON:CARD) Trading Down 27.4% – Time to Sell?

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

Analysts Set New Price Targets

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

Card Factory Price Performance

The company has a current ratio of 1.10, a quick ratio of 0.20 and a debt-to-equity ratio of 39.13. The firm’s 50-day moving average price is GBX 97.62 and its 200-day moving average price is GBX 98.05. The stock has a market capitalization of £244.43 million, a PE ratio of 5.69, a PEG ratio of 0.84 and a beta of 2.06.

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