Carpetright (LON:CPR) Stock Crosses Below Two Hundred Day Moving Average of $16.26

Carpetright plc (LON:CPR) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.26 and traded as low as $9.10. Carpetright shares last traded at $9.22, with a volume of 399,830 shares traded.

Several research analysts have commented on the company. Peel Hunt reaffirmed a “buy” rating and issued a GBX 50 ($0.65) price target on shares of Carpetright in a research report on Thursday, October 3rd. Peel Hunt reaffirmed a “buy” rating and issued a GBX 50 ($0.65) price target on shares of Carpetright in a research report on Thursday, October 3rd. Finally, Shore Capital reaffirmed a “hold” rating on shares of Carpetright in a research report on Monday, September 16th.

The company has a market capitalization of $28.01 million and a P/E ratio of -1.17. The company has a debt-to-equity ratio of 86.12, a quick ratio of 0.18 and a current ratio of 0.71. The company has a 50-day simple moving average of GBX 10.20 and a 200 day simple moving average of GBX 16.26.

About Carpetright (LON:CPR)

Carpetright plc engages in the retail sale of floor coverings, beds, curtains, and blinds. The company also sells its products through online. It operates 545 stores in the United Kingdom, Belgium, the Netherlands, and the Republic of Ireland. Carpetright plc was founded in 1988 and is headquartered in Purfleet, the United Kingdom.

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