Moonpig Group (LON:MOON) Stock Price Down 1.1% – Here’s What Happened

Moonpig Group PLC (LON:MOON) was down 1.1% during mid-day trading on Thursday . The stock traded as low as GBX 215 and last traded at GBX 216. Approximately 837,576 shares changed hands during trading, a decline of 34% from the average daily volume of 1,266,069 shares. The stock had previously closed at GBX 218.50.

Wall Street Analyst Weigh In

Separately, Peel Hunt reiterated a “buy” rating and issued a GBX 300 target price on shares of Moonpig Group in a report on Tuesday, December 9th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 307.

Moonpig Group Trading Down 1.1%

The stock has a market capitalization of £678.33 million, a price-to-earnings ratio of 15.65 and a beta of 1.24. The company’s 50 day moving average is GBX 208.10 and its 200 day moving average is GBX 210.17. The company has a debt-to-equity ratio of 3,511.31, a quick ratio of 0.46 and a current ratio of 0.24.

Moonpig Group announced that its board has initiated a stock repurchase program on Friday, November 7th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

About Moonpig Group

Moonpig Group plc is a leading online greeting card and gifting platform, comprising the Moonpig, Buyagift and Red Letter Days brands in the UK and the Greetz brand in the Netherlands. The Group is the online market leader in cards in both of its core markets and is also the UK market leader in gift experiences. The Moonpig brand also operates in Ireland, Australia and the United States.

The Group’s leading customer proposition includes an extensive range of cards, a curated range of gifts, personalisation features and next day delivery offering.