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

Shares of Card Factory plc (LON:CARD) fell 27.4% during mid-day trading on Saturday . The company traded as low as GBX 69.80 and last traded at GBX 70. 58,370,387 shares changed 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.

Analyst Ratings Changes

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

Card Factory Stock Down 27.4%

The business’s 50 day moving average is GBX 97.62 and its 200-day moving average is GBX 98.05. The company has a debt-to-equity ratio of 39.13, a current ratio of 1.10 and a quick ratio of 0.20. The company has a market cap of £244.43 million, a PE ratio of 5.69, a P/E/G ratio of 0.84 and a beta of 2.06.

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

Card Factory Company Profile

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.