Card Factory (LON:CARD) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Card Factory plc (LON:CARD) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 103.38 ($1.30) and traded as low as GBX 102.07 ($1.29). Card Factory shares last traded at GBX 103 ($1.30), with a volume of 613,196 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 185 ($2.33) price target on shares of Card Factory in a report on Tuesday, September 24th.

Card Factory Stock Down 0.2 %

The stock’s fifty day moving average is GBX 89.85 and its two-hundred day moving average is GBX 103.38. The firm has a market cap of £358.06 million, a P/E ratio of 858.33, a price-to-earnings-growth ratio of 0.84 and a beta of 2.06. The company has a current ratio of 1.10, a quick ratio of 0.20 and a debt-to-equity ratio of 65.23.

Card Factory Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, December 11th. Investors of record on Thursday, October 31st were paid a dividend of GBX 1.20 ($0.02) per share. This represents a yield of 0.84%. The ex-dividend date of this dividend was Thursday, October 31st. Card Factory’s dividend payout ratio is 5,000.00%.

Insider Buying and Selling at Card Factory

In other news, insider Pamela Powell purchased 4,766 shares of the company’s stock in a transaction on Tuesday, October 1st. The stock was purchased at an average price of GBX 104 ($1.31) per share, with a total value of £4,956.64 ($6,256.01). Also, insider Matthias Seeger acquired 21,244 shares of Card Factory stock in a transaction dated Thursday, December 5th. The shares were purchased at an average price of GBX 94 ($1.19) per share, for a total transaction of £19,969.36 ($25,204.29). Insiders own 14.41% of the company’s stock.

Card Factory Company Profile

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.