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Card Factory (LON:CARD) Share Price Passes Below 200-Day Moving Average - Here's What Happened

Card Factory logo with Consumer Cyclical background

Card Factory plc (LON:CARD - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 106.37 ($1.39) and traded as low as GBX 93 ($1.22). Card Factory shares last traded at GBX 93.60 ($1.22), with a volume of 2,168,980 shares trading hands.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CARD shares. Berenberg Bank started coverage on shares of Card Factory in a research note on Wednesday, July 3rd. They issued a "buy" rating and a GBX 154 ($2.02) price objective for the company. Canaccord Genuity Group reaffirmed a "buy" rating and set a GBX 185 ($2.42) price target on shares of Card Factory in a research note on Tuesday, September 24th.

Check Out Our Latest Analysis on CARD

Card Factory Price Performance

The company has a quick ratio of 0.20, a current ratio of 1.10 and a debt-to-equity ratio of 65.23. The company's 50 day moving average price is GBX 119.81 and its 200-day moving average price is GBX 106.28. The stock has a market cap of £321.54 million, a P/E ratio of 770.83, a P/E/G ratio of 0.84 and a beta of 2.06.

Card Factory Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Thursday, October 31st will be given a dividend of GBX 1.20 ($0.02) per share. This represents a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, October 31st. Card Factory's dividend payout ratio (DPR) is presently 5,000.00%.

Insider Transactions at Card Factory

In related news, insider Pamela Powell purchased 4,766 shares of Card Factory stock in a transaction on Tuesday, October 1st. The stock was acquired at an average cost of GBX 104 ($1.36) per share, for a total transaction of £4,956.64 ($6,486.90). 14.52% of the stock is currently 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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