Moonpig Group (LON:MOON) Shares Down 5% – Here’s What Happened

Moonpig Group PLC (LON:MOON)’s share price was down 5% during trading on Thursday . The company traded as low as GBX 214.95 ($2.94) and last traded at GBX 231.25 ($3.16). Approximately 1,543,612 shares traded hands during trading, a decline of 30% from the average daily volume of 2,208,401 shares. The stock had previously closed at GBX 243.50 ($3.33).

Analyst Ratings Changes

Separately, Berenberg Bank reissued a “buy” rating and set a GBX 330 ($4.51) price objective on shares of Moonpig Group in a research report on Friday, May 2nd. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of GBX 269.80 ($3.69).

Moonpig Group Price Performance

The stock has a fifty day moving average of GBX 242.92 and a 200-day moving average of GBX 224.81. The company has a quick ratio of 0.46, a current ratio of 0.24 and a debt-to-equity ratio of 3,511.31. The stock has a market capitalization of £750.53 million, a price-to-earnings ratio of 22.16 and a beta of 1.24.

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.