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

Card Factory plc (LON:CARD) shares dropped 27.4% during mid-day trading on Saturday . The company traded as low as GBX 69.80 and last traded at GBX 70. Approximately 58,370,387 shares were traded 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.

Analyst Upgrades and Downgrades

CARD has been the subject of several research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 185 target price on shares of Card Factory in a research report on Thursday, October 2nd. Peel Hunt reaffirmed a “hold” rating and issued a GBX 110 price objective on shares of Card Factory in a research note on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Card Factory presently has a consensus rating of “Moderate Buy” and an average target price of GBX 148.33.

Card Factory Stock Performance

The firm 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 company has a 50-day moving average of GBX 97.62 and a 200-day moving average of GBX 98.05. The company has a current ratio of 1.10, a quick ratio of 0.20 and a debt-to-equity ratio of 39.13.

Card Factory (LON:CARD) last issued its quarterly earnings results on Tuesday, September 30th. The company reported GBX 2.80 earnings per share for the quarter. Card Factory had a return on equity of 13.00% and a net margin of 7.79%. On average, equities analysts anticipate 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.