Card Factory (LON:CARD) Stock Passes Below 200 Day Moving Average – Here’s Why

Shares of Card Factory plc (LON:CARD) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 98.10 and traded as low as GBX 95. Card Factory shares last traded at GBX 97.40, with a volume of 386,083 shares.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CARD. Peel Hunt reissued a “hold” rating and issued a GBX 110 price objective 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 report on Thursday, October 2nd. Finally, Berenberg Bank restated a “buy” rating and set a GBX 150 price objective on shares of Card Factory in a research note on Tuesday, July 29th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, Card Factory has a consensus rating of “Moderate Buy” and an average price target of GBX 148.33.

Card Factory Stock Up 0.9%

The company has a debt-to-equity ratio of 39.13, a current ratio of 1.10 and a quick ratio of 0.20. The firm’s 50-day moving average price is GBX 102.28 and its 200 day moving average price is GBX 98.10. The firm has a market cap of £345.52 million, a P/E ratio of 7.99, a PEG ratio of 0.84 and a beta of 2.06.

Card Factory (LON:CARD) last announced its quarterly earnings data 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%. On average, equities research analysts expect that Card Factory plc will post 15.8347676 earnings per share for the current fiscal year.

Card Factory Company Profile

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.