Cake Box (LON:CBOX) Trading Up 1.8% – Here’s Why

Cake Box Holdings Plc (LON:CBOX) shares were up 1.8% on Wednesday . The stock traded as high as GBX 200 and last traded at GBX 195. Approximately 6,942 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 48,603 shares. The stock had previously closed at GBX 191.50.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a “house stock” rating on shares of Cake Box in a research report on Tuesday, April 28th.

Cake Box Price Performance

The firm’s 50-day moving average is GBX 194.97 and its two-hundred day moving average is GBX 199.29. The company has a market cap of £85.80 million, a P/E ratio of 19.72 and a beta of 0.84. The company has a debt-to-equity ratio of 79.95, a current ratio of 1.08 and a quick ratio of 1.99.

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.