Card Factory (LON:CARD) Shares Down 27.4% – Here’s What Happened

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

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

Card Factory Stock Down 27.4%

The company has a quick ratio of 0.20, a current ratio of 1.10 and a debt-to-equity ratio of 39.13. The firm has a 50 day moving average price of GBX 97.62 and a two-hundred day moving average price of GBX 98.05. The company has a market capitalization of £244.43 million, a price-to-earnings ratio of 5.69, a P/E/G ratio of 0.84 and a beta of 2.06.

Card Factory (LON:CARD) last issued its quarterly earnings data on Tuesday, September 30th. The company reported GBX 2.80 earnings per share for the quarter. Card Factory had a return on equity of 13.00% and a net margin of 7.79%. As a group, sell-side analysts expect that Card Factory plc will post 15.8347676 earnings per share for the current 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.