Card Factory (LON:CARD) Shares Down 27.4% – Time to Sell?

Card Factory plc (LON:CARD) shares dropped 27.4% during mid-day trading on Friday . The company traded as low as GBX 69.80 and last traded at GBX 70. Approximately 58,370,387 shares traded hands during 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.

Analysts Set New Price Targets

A number of research firms recently commented on CARD. Peel Hunt reaffirmed a “hold” rating and issued a GBX 110 price objective on shares of Card Factory in a research note on Tuesday, September 30th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 185 price objective on shares of Card Factory in a research note on Thursday, October 2nd. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 148.33.

Card Factory Trading Down 27.4%

The firm’s 50 day simple moving average is GBX 97.62 and its two-hundred day simple moving average is GBX 98.05. The stock has a market capitalization of £244.43 million, a P/E ratio of 5.69, a P/E/G ratio of 0.84 and a beta of 2.06. The company has a quick ratio of 0.20, a current ratio of 1.10 and a debt-to-equity ratio of 39.13.

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