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

Card Factory plc (LON:CARD) traded down 27.4% during trading on Saturday . The company 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

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

Card Factory Stock Performance

The firm has a 50-day moving average of GBX 97.62 and a two-hundred day moving average of GBX 98.04. 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 company has a market capitalization of £244.43 million, a PE ratio of 5.69, a PEG 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%. Research analysts anticipate that Card Factory plc will post 15.8347676 EPS 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.