Cake Box (LON:CBOX) Trading Down 1% – Here’s Why

Shares of Cake Box Holdings Plc (LON:CBOX) dropped 1% on Tuesday . The company traded as low as GBX 195.50 and last traded at GBX 198. 92,449 shares traded hands during mid-day trading, an increase of 93% from the average daily volume of 47,838 shares. The stock had previously closed at GBX 200.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a “house stock” rating on shares of Cake Box in a research report on Tuesday, June 30th.

Cake Box Price Performance

The company has a current ratio of 0.99, a quick ratio of 1.99 and a debt-to-equity ratio of 69.38. The firm’s 50-day moving average price is GBX 198.21 and its 200-day moving average price is GBX 197.34. The stock has a market capitalization of £87.12 million, a PE ratio of 17.35 and a beta of 0.85.

Cake Box (LON:CBOX) last released its quarterly earnings results on Tuesday, June 30th. The company reported GBX 11.86 EPS for the quarter. Cake Box had a return on equity of 19.38% and a net margin of 8.74%. On average, equities analysts forecast that Cake Box Holdings Plc will post 11.1000004 EPS for the current fiscal year.

Insider Activity at Cake Box

In related news, insider Sukh Ram Chamda bought 15,000 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was purchased at an average price of GBX 202 per share, for a total transaction of £30,300. Company insiders own 29.64% of the company’s stock.

About Cake Box

Cake Box Holdings Plc, together with its subsidiaries, engages in the retail of fresh cream celebration cakes in the United Kingdom. The company sells cakes, cupcakes, cheesecakes, and treats; and party accessories, including balloons and candles. It also engages in the franchising of specialist cake stores; and property rental activities. The company sells its products through its physical stores and online. Cake Box Holdings Plc was founded in 2008 and is headquartered in London, the United Kingdom.