Card Factory (LON:CARD) Trading Down 27.4% – Here’s Why

Card Factory plc (LON:CARD) shares dropped 27.4% on Saturday . The company traded as low as GBX 69.80 and last traded at GBX 70. Approximately 58,370,387 shares changed hands during trading, an increase of 3,601% from the average daily volume of 1,577,172 shares. The stock had previously closed at GBX 96.40.

Wall Street Analysts Forecast Growth

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

Card Factory Trading Down 27.4%

The firm has a market cap of £244.43 million, a PE ratio of 5.69, a PEG ratio of 0.84 and a beta of 2.06. 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 stock’s fifty day simple moving average is GBX 97.62 and its two-hundred day simple moving average is GBX 98.05.

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 return on equity of 13.00% and a net margin of 7.79%. On average, sell-side analysts forecast that Card Factory plc will post 15.8347676 EPS for the current fiscal 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.