Cake Box (LON:CBOX) Hits New 1-Year Low – Here’s What Happened

Cake Box Holdings Plc (LON:CBOX) hit a new 52-week low during trading on Monday. The company traded as low as GBX 170 and last traded at GBX 175, with a volume of 88,018 shares traded. The stock had previously closed at GBX 173.

Analysts Set New Price Targets

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

Cake Box Price Performance

The business’s 50 day moving average is GBX 191.08 and its 200-day moving average is GBX 194.70. The firm has a market capitalization of £78.32 million, a P/E ratio of 15.60 and a beta of 0.85. The company has a quick ratio of 1.99, a current ratio of 0.99 and a debt-to-equity ratio of 69.38.

Insider Buying and Selling at Cake Box

In other Cake Box news, insider Sukh Ram Chamda bought 10,000 shares of Cake Box stock in a transaction on Monday, September 28th. The shares were purchased at an average price of GBX 185 per share, with a total value of £18,500. Corporate insiders own 29.68% of the company’s stock.

Cake Box Company Profile

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.