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Card Factory (LON:CARD) Shares Pass Above 50 Day Moving Average - Here's Why

Card Factory logo with Consumer Cyclical background

Card Factory plc (LON:CARD - Get Free Report)'s stock price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 92.19 ($1.13) and traded as high as GBX 96.20 ($1.18). Card Factory shares last traded at GBX 95.20 ($1.16), with a volume of 2,750,454 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 185 ($2.26) target price on shares of Card Factory in a research report on Tuesday, September 24th.

Read Our Latest Stock Report on Card Factory

Card Factory Stock Up 0.5 %

The company has a market capitalization of £332.68 million, a price-to-earnings ratio of 797.50, a PEG ratio of 0.84 and a beta of 2.06. The company has a debt-to-equity ratio of 65.23, a quick ratio of 0.20 and a current ratio of 1.10. The business's 50 day moving average is GBX 92.47 and its 200 day moving average is GBX 103.70.

Insider Buying and Selling at Card Factory

In other news, insider Matthias Seeger acquired 21,244 shares of the company's stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of GBX 94 ($1.15) per share, with a total value of £19,969.36 ($24,433.33). Also, insider Pamela Powell purchased 5,109 shares of Card Factory stock in a transaction dated Monday, December 30th. The shares were acquired at an average cost of GBX 97 ($1.19) per share, for a total transaction of £4,955.73 ($6,063.54). 14.41% of the stock is owned by corporate insiders.

Card Factory Company Profile

(Get Free Report)

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.

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