Card Factory (LON:CARD) Stock Price Passes Below 50 Day Moving Average of $174.27

Card Factory PLC (LON:CARD)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $174.27 and traded as low as $164.50. Card Factory shares last traded at $165.80, with a volume of 68,324 shares changing hands.

Several brokerages have recently commented on CARD. Berenberg Bank restated a “sell” rating on shares of Card Factory in a research report on Thursday, April 25th. Peel Hunt restated a “reduce” rating on shares of Card Factory in a research report on Monday, June 3rd. Finally, Liberum Capital restated a “hold” rating and issued a GBX 190 ($2.48) target price (up from GBX 175 ($2.29)) on shares of Card Factory in a research report on Wednesday, June 5th.

The business has a 50-day moving average of GBX 174.01. The company has a market cap of $560.48 million and a price-to-earnings ratio of 10.94. The company has a debt-to-equity ratio of 63.21, a current ratio of 1.28 and a quick ratio of 0.06.

In related news, insider Kristian Lee acquired 3,195 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was acquired at an average cost of GBX 178 ($2.33) per share, for a total transaction of £5,687.10 ($7,431.20). Also, insider Karen Hubbard acquired 8,412 shares of the stock in a transaction that occurred on Wednesday, May 15th. The shares were bought at an average price of GBX 188 ($2.46) per share, with a total value of £15,814.56 ($20,664.52).

About Card Factory (LON:CARD)

Card Factory plc operates as a specialist retailer of greeting cards primarily in the United Kingdom. The company designs, sources, prints, warehouses, produces, distributes, and sells greeting cards, dressings, and related gift items. It operates through two segments, Card Factory and Getting Personal.

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