Moonpig Group (LON:MOON) Shares Down 9.5% - What's Next?

Moonpig Group PLC (LON:MOON - Get Free Report)'s stock price dropped 9.5% on Tuesday . The company traded as low as GBX 234.50 ($3.00) and last traded at GBX 242 ($3.09). Approximately 1,572,714 shares changed hands during mid-day trading, an increase of 37% from the average daily volume of 1,146,057 shares. The stock had previously closed at GBX 267.50 ($3.42).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a "not rated" rating on shares of Moonpig Group in a research report on Tuesday.

Moonpig Group Stock Performance

The company has a current ratio of 0.24, a quick ratio of 0.46 and a debt-to-equity ratio of 3,511.31. The firm has a market capitalization of £788.86 million, a price-to-earnings ratio of 2,287.20 and a beta of 1.24. The firm's 50-day moving average is GBX 242.86 and its 200 day moving average is GBX 209.39.

Moonpig Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, February 20th will be paid a dividend of GBX 1 ($0.01) per share. This represents a yield of 0.37%. The ex-dividend date of this dividend is Thursday, February 20th.

Insider Buying and Selling at Moonpig Group

In other news, insider Nickyl Raithatha sold 1,000,000 shares of the company's stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of GBX 247 ($3.16), for a total transaction of £2,470,000 ($3,155,742.94). Company insiders own 4.31% of the company's stock.

About Moonpig Group

Moonpig Group PLC, together with its subsidiaries, provides online greeting cards and gifts in the Netherlands and the United Kingdom. The company sells its products under the Moonpig, Buyagift, RedLetterdays, and Greetz brands through website and mobile app. Moonpig Group PLC was founded in 2000 and is headquartered in London, the United Kingdom.