Card Factory (LON:CARD) Trading Down 17.2%

Card Factory plc (LON:CARD)’s stock price traded down 17.2% during trading on Tuesday . The stock traded as low as GBX 112 ($1.49) and last traded at GBX 118.40 ($1.58). 67,644,367 shares were traded during trading, an increase of 4,419% from the average session volume of 1,496,925 shares. The stock had previously closed at GBX 143 ($1.91).

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CARD shares. Berenberg Bank started coverage on Card Factory in a report on Wednesday, July 3rd. They issued a “buy” rating and a GBX 154 ($2.06) price objective for the company. Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 185 ($2.47) price target on shares of Card Factory in a research report on Monday, July 8th.

Card Factory Stock Down 15.5 %

The company has a current ratio of 0.60, a quick ratio of 0.20 and a debt-to-equity ratio of 46.23. The firm’s 50 day moving average price is GBX 122.40 and its two-hundred day moving average price is GBX 105.80. The company has a market capitalization of £419.91 million, a price-to-earnings ratio of 820.05, a price-to-earnings-growth ratio of 0.84 and a beta of 2.06.

Card Factory Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Thursday, October 31st will be given a dividend of GBX 1.20 ($0.02) per share. This represents a yield of 0.84%. The ex-dividend date is Thursday, October 31st. Card Factory’s dividend payout ratio (DPR) is presently 3,571.43%.

About Card Factory

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.