Cake Box (LON:CBOX) Trading Down 2.1% – Should You Sell?

Cake Box Holdings Plc (LON:CBOX)’s share price fell 2.1% during mid-day trading on Wednesday . The stock traded as low as GBX 180 ($2.33) and last traded at GBX 186 ($2.41). 292,390 shares traded hands during trading, an increase of 451% from the average session volume of 53,106 shares. The stock had previously closed at GBX 190 ($2.46).

Analysts Set New Price Targets

Separately, Panmure Gordon restated a “buy” rating and set a GBX 220 ($2.85) price target on shares of Cake Box in a report on Tuesday, December 31st.

Cake Box Stock Down 2.1 %

The firm’s 50 day moving average price is GBX 190.60 and its two-hundred day moving average price is GBX 186.08. The company has a market cap of £75.96 million, a P/E ratio of 16.30 and a beta of 1.19. The company has a debt-to-equity ratio of 18.51, a quick ratio of 1.99 and a current ratio of 2.50.

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.