Carpetright (LON:CPR) Stock Price Passes Below 200 Day Moving Average of $0.00

Carpetright plc (LON:CPR) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as low as $15.00. Carpetright shares last traded at $15.23, with a volume of 105,203 shares traded.

CPR has been the topic of several recent analyst reports. Peel Hunt dropped their target price on shares of Carpetright from GBX 70 ($0.91) to GBX 50 ($0.65) and set a “buy” rating on the stock in a report on Tuesday, June 25th. Shore Capital reiterated a “hold” rating on shares of Carpetright in a report on Tuesday, June 25th. Finally, Peel Hunt dropped their target price on shares of Carpetright from GBX 70 ($0.91) to GBX 50 ($0.65) and set a “buy” rating on the stock in a report on Monday, June 24th.

The company has a quick ratio of 0.18, a current ratio of 0.71 and a debt-to-equity ratio of 86.12. The company has a market cap of $46.25 million and a P/E ratio of -1.93. The stock has a 50-day simple moving average of GBX 16.02.

About Carpetright (LON:CPR)

Carpetright plc engages in the retail sale of floor coverings, beds, curtains, and blinds. The company also sells its products through online. It operates 545 stores in the United Kingdom, Belgium, the Netherlands, and the Republic of Ireland. Carpetright plc was founded in 1988 and is headquartered in Purfleet, the United Kingdom.

Read More: P/E Growth (PEG)

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