Moonpig Group (LON:MOON) Trading Down 0.1% – Should You Sell?

Moonpig Group PLC (LON:MOON)’s share price dropped 0.1% during mid-day trading on Thursday . The stock traded as low as GBX 216.95 ($2.73) and last traded at GBX 218.85 ($2.76). Approximately 724,114 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 2,059,590 shares. The stock had previously closed at GBX 219 ($2.76).

Wall Street Analysts Forecast Growth

MOON has been the subject of several recent research reports. Canaccord Genuity Group upped their price objective on Moonpig Group from GBX 254 ($3.20) to GBX 267 ($3.37) and gave the company a “buy” rating in a research note on Monday, December 16th. Shore Capital reiterated a “not rated” rating on shares of Moonpig Group in a report on Tuesday, December 10th. Finally, Canaccord Genuity Group upped their target price on Moonpig Group from GBX 254 ($3.20) to GBX 267 ($3.37) and gave the company a “buy” rating in a report on Monday, December 16th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, Moonpig Group has an average rating of “Buy” and an average price target of GBX 259.80 ($3.27).

Moonpig Group Price Performance

The stock has a market capitalization of £734.85 million, a P/E ratio of 21.70 and a beta of 1.24. The business has a fifty day simple moving average of GBX 216.55 and a 200-day simple moving average of GBX 223.97. The company has a debt-to-equity ratio of 3,511.31, a quick ratio of 0.46 and a current ratio of 0.24.

Moonpig Group Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, February 20th will be issued a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 0.37%. The ex-dividend date is Thursday, February 20th.

Moonpig Group Company Profile

Moonpig Group plc is a leading online greeting card and gifting platform, comprising the Moonpig, Buyagift and Red Letter Days brands in the UK and the Greetz brand in the Netherlands. The Group is the online market leader in cards in both of its core markets and is also the UK market leader in gift experiences.