Mothercare (LON:MTC) Shares Down 11.9% – Here’s Why

Mothercare plc (LON:MTC) shares dropped 11.9% during mid-day trading on Thursday . The company traded as low as GBX 2.22 and last traded at GBX 2.22. Approximately 1,814 shares were traded during trading, a decline of 100% from the average daily volume of 606,806 shares. The stock had previously closed at GBX 2.52.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Mothercare from GBX 650 to GBX 450 and set a “buy” rating for the company in a research note on Thursday, September 25th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, Mothercare has a consensus rating of “Buy” and a consensus price target of GBX 450.

Mothercare Price Performance

The company’s 50 day simple moving average is GBX 2.83 and its 200 day simple moving average is GBX 2.77. The company has a current ratio of 1.28, a quick ratio of 1.31 and a debt-to-equity ratio of 1,691.67. The stock has a market capitalization of £12.51 million, a PE ratio of 2.02, a PEG ratio of 1.12 and a beta of 1.15.

Mothercare (LON:MTC) last issued its quarterly earnings results on Thursday, September 25th. The company reported GBX (0.40) earnings per share for the quarter. On average, equities analysts anticipate that Mothercare plc will post 0.2157576 earnings per share for the current year.

About Mothercare

Mothercare plc, through its subsidiaries, operates as a specialist franchisor of products for parents and young children under the Mothercare brand. The company provides clothing, footwear, home and travel products, and toys. It operates through Mothercare stores, as well as online stores under the Mothercare brand.