Card Factory (LON:CARD) Trading Down 27.4% – Here’s What Happened

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

Wall Street Analysts Forecast Growth

CARD has been the subject of several analyst reports. Peel Hunt reaffirmed a “hold” rating and set a GBX 110 target price on shares of Card Factory in a research report on Tuesday, September 30th. Canaccord Genuity Group reissued a “buy” rating and issued a GBX 185 price target on shares of Card Factory in a research note on Thursday, October 2nd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of GBX 148.33.

Card Factory Price Performance

The company has a debt-to-equity ratio of 39.13, a quick ratio of 0.20 and a current ratio of 1.10. The business has a 50 day moving average price of GBX 97.62 and a 200-day moving average price of GBX 98.04. The company has a market capitalization of £244.43 million, a price-to-earnings ratio of 5.69, a P/E/G ratio of 0.84 and a beta of 2.06.

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

About Card Factory

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.