Cake Box (LON:CBOX) Shares Down 3.6% – Here’s Why

Cake Box Holdings Plc (LON:CBOX)’s share price traded down 3.6% during mid-day trading on Wednesday . The stock traded as low as GBX 190.43 and last traded at GBX 190.43. 135,716 shares traded hands during trading, an increase of 167% from the average daily volume of 50,897 shares. The stock had previously closed at GBX 197.50.

Analyst Ratings Changes

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Cake Box in a report on Tuesday, June 30th.

Cake Box Stock Performance

The firm has a fifty day simple moving average of GBX 200.18 and a 200-day simple moving average of GBX 197.38. The company has a quick ratio of 1.99, a current ratio of 0.99 and a debt-to-equity ratio of 69.38. The company has a market cap of £83.79 million, a PE ratio of 16.69 and a beta of 0.85.

Cake Box (LON:CBOX) last announced its earnings results on Tuesday, June 30th. The company reported GBX 11.86 EPS for the quarter. Cake Box had a net margin of 8.74% and a return on equity of 19.38%. On average, research analysts forecast that Cake Box Holdings Plc will post 11.1000004 EPS for the current fiscal year.

Insider Buying and Selling

In other Cake Box news, insider Sukh Ram Chamda purchased 15,000 shares of Cake Box stock in a transaction dated Wednesday, July 1st. The stock was acquired at an average cost of GBX 202 per share, with a total value of £30,300. 29.64% of the stock is currently owned by insiders.

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. The company sells its products through its physical stores and online. Cake Box Holdings Plc was founded in 2008 and is headquartered in London, the United Kingdom.