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

Card Factory plc (LON:CARD) shares fell 27.4% on Saturday . The company traded as low as GBX 69.80 and last traded at GBX 70. 58,370,387 shares traded hands during 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 Analyst Weigh In

A number of brokerages have commented on CARD. Canaccord Genuity Group restated a “buy” rating and issued a GBX 185 target price on shares of Card Factory in a research note on Thursday, October 2nd. Peel Hunt reiterated a “hold” rating and issued a GBX 110 price target on shares of Card Factory in a report on Tuesday, September 30th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 148.33.

Card Factory Trading Down 27.4%

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 stock 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 price of GBX 97.62 and a 200 day moving average price of GBX 98.05.

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