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

Card Factory plc (LON:CARD) fell 27.4% on Friday . The stock traded as low as GBX 69.80 and last traded at GBX 70. 58,370,387 shares traded hands during mid-day trading, an increase of 3,601% from the average session volume of 1,577,172 shares. The stock had previously closed at GBX 96.40.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Canaccord Genuity Group reissued a “buy” rating and set a GBX 185 target price on shares of Card Factory in a research report on Thursday, October 2nd. Peel Hunt reissued a “hold” rating and issued a GBX 110 price objective on shares of Card Factory in a research report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Card Factory has a consensus rating of “Moderate Buy” and an average price target of GBX 148.33.

Card Factory Stock Performance

The firm has a market capitalization of £244.43 million, a price-to-earnings ratio of 5.69, a price-to-earnings-growth 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. The stock’s fifty day moving average is GBX 97.62 and its two-hundred day moving average is GBX 98.05.

Card Factory (LON:CARD) last issued its quarterly earnings data on Tuesday, September 30th. The company reported GBX 2.80 EPS for the quarter. Card Factory had a net margin of 7.79% and a return on equity of 13.00%. Analysts forecast that Card Factory plc will post 15.8347676 earnings per share for the current year.

About Card Factory

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.