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

Cake Box Holdings Plc (LON:CBOX) shares reached a new 52-week low during trading on Monday. The stock traded as low as GBX 170 and last traded at GBX 180, with a volume of 35,918 shares changing hands. The stock had previously closed at GBX 175.24.

Wall Street Analysts Forecast Growth

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

Cake Box Price Performance

The company has a market capitalization of £79.20 million, a price-to-earnings ratio of 15.78 and a beta of 0.85. The company has a current ratio of 0.99, a quick ratio of 1.99 and a debt-to-equity ratio of 69.38. The company has a 50 day moving average price of GBX 188.77 and a 200 day moving average price of GBX 194.25.

Insider Activity

In other news, insider Sukh Ram Chamda purchased 10,000 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The shares were acquired at an average price of GBX 185 per share, for a total transaction of £18,500. 29.68% of the stock is owned by company insiders.

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.