Card Factory (LON:CARD) Shares Down 27.4% – Here’s What Happened

Shares of Card Factory plc (LON:CARD) 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 mid-day 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.

Analyst Ratings Changes

Several research firms recently commented on CARD. Peel Hunt reiterated a “hold” rating and issued a GBX 110 price objective on shares of Card Factory in a research report on Tuesday, September 30th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 185 price target on shares of Card Factory in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 148.33.

Card Factory Trading Down 27.4%

The business has a 50-day moving average of GBX 97.62 and a 200 day moving average of GBX 98.05. The stock 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 debt-to-equity ratio of 39.13, a quick ratio of 0.20 and a current ratio of 1.10.

Card Factory (LON:CARD) last released its earnings results on Tuesday, September 30th. The company reported GBX 2.80 earnings per share (EPS) for the quarter. Card Factory had a net margin of 7.79% and a return on equity of 13.00%. Equities research analysts predict that Card Factory plc will post 15.8347676 EPS for the current fiscal year.

Card Factory Company Profile

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.