Cake Box (LON:CBOX) Sets New 1-Year Low – Here’s Why

Shares of Cake Box Holdings Plc (LON:CBOX) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 180 and last traded at GBX 190, with a volume of 8057 shares trading hands. The stock had previously closed at GBX 185.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Cake Box in a report on Tuesday, June 30th.

Cake Box Price Performance

The firm’s fifty day moving average price is GBX 196.70 and its 200 day moving average price is GBX 195.99. The firm has a market capitalization of £83.60 million, a PE ratio of 16.65 and a beta of 0.84. The company has a current ratio of 0.99, a quick ratio of 1.99 and a debt-to-equity ratio of 69.38.

Cake Box (LON:CBOX) last posted its earnings results on Tuesday, June 30th. The company reported GBX 11.86 earnings per share (EPS) for the quarter. Cake Box had a net margin of 8.74% and a return on equity of 19.38%. As a group, equities analysts forecast that Cake Box Holdings Plc will post 11.1000004 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Sukh Ram Chamda purchased 15,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was acquired at an average cost of GBX 202 per share, for a total transaction of £30,300. Insiders own 29.66% of the company’s stock.

About Cake Box

Cake Box Holdings Plc, together with its subsidiaries, engages in the retail of fresh cream celebration cakes in the United Kingdom. The company sells cakes, cupcakes, cheesecakes, and treats; and party accessories, including balloons and candles. It also engages in the franchising of specialist cake stores; and property rental activities. The company sells its products through its physical stores and online. Cake Box Holdings Plc was founded in 2008 and is headquartered in London, the United Kingdom.