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Card Factory (LON:CARD) Shares Cross Below 200 Day Moving Average - Here's Why

Card Factory logo with Consumer Cyclical background

Card Factory plc (LON:CARD - Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 106.28 ($1.39) and traded as low as GBX 89.50 ($1.17). Card Factory shares last traded at GBX 90.60 ($1.18), with a volume of 1,900,913 shares traded.

Wall Street Analysts Forecast Growth

CARD has been the topic of several research reports. Berenberg Bank assumed coverage on shares of Card Factory in a research note on Wednesday, July 3rd. They set a "buy" rating and a GBX 154 ($2.01) price target on the stock. Canaccord Genuity Group reiterated a "buy" rating and issued a GBX 185 ($2.42) target price on shares of Card Factory in a research report on Tuesday, September 24th.

Check Out Our Latest Report on Card Factory

Card Factory Trading Down 1.6 %

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 firm has a 50-day moving average of GBX 116.64 and a 200-day moving average of GBX 106.36. The firm has a market capitalization of £314.95 million, a P/E ratio of 755.00, a price-to-earnings-growth ratio of 0.84 and a beta of 2.06.

Card Factory Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Thursday, October 31st will be issued a GBX 1.20 ($0.02) dividend. 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 is 5,000.00%.

Insider Activity at Card Factory

In other news, insider Pamela Powell bought 4,766 shares of the company's stock in a transaction dated Tuesday, October 1st. The stock was bought at an average cost of GBX 104 ($1.36) per share, for a total transaction of £4,956.64 ($6,472.50). 14.41% of the stock is currently owned by company insiders.

About Card Factory

(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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