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

Card Factory plc (LON:CARD)’s share price 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 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 Analysts Forecast Growth

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

Card Factory Stock Down 27.4%

The stock has a 50-day simple moving average of GBX 97.62 and a 200-day simple moving average of GBX 98.04. 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 company has a market cap of £244.43 million, a price-to-earnings ratio of 5.69, a price-to-earnings-growth ratio of 0.84 and a beta of 2.06.

Card Factory (LON:CARD) last issued its quarterly 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%. As a group, analysts predict 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.