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

Card Factory plc (LON:CARD)’s stock price fell 27.4% during mid-day trading on Saturday . The company traded as low as GBX 69.80 and last traded at GBX 70. 58,370,387 shares were traded during mid-day 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 Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Peel Hunt reiterated a “hold” rating and set a GBX 110 price objective on shares of Card Factory in a research note on Tuesday, September 30th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 185 price objective on shares of Card Factory in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, 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 98.05. The company has a current ratio of 1.10, a quick ratio of 0.20 and a debt-to-equity ratio of 39.13. The firm 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 posted its quarterly earnings results on Tuesday, September 30th. The company reported GBX 2.80 earnings per share for the quarter. Card Factory had a net margin of 7.79% and a return on equity of 13.00%. As a group, research analysts anticipate that Card Factory plc will post 15.8347676 EPS 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.