Card Factory (LON:CARD) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Card Factory plc (LON:CARD) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 92.19 ($1.13) and traded as high as GBX 96.20 ($1.18). Card Factory shares last traded at GBX 95.20 ($1.17), with a volume of 2,750,454 shares.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 185 ($2.26) price objective on shares of Card Factory in a research report on Tuesday, September 24th.

Card Factory Trading Up 0.8 %

The stock has a fifty day simple moving average of GBX 92.19 and a 200 day simple moving average of GBX 103.68. The firm has a market capitalization of £333.72 million, a P/E ratio of 800.00, a PEG ratio of 0.84 and a beta of 2.06. The company has a quick ratio of 0.20, a current ratio of 1.10 and a debt-to-equity ratio of 65.23.

Insider Activity at Card Factory

In related news, insider Matthias Seeger purchased 21,244 shares of Card Factory stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of GBX 94 ($1.15) per share, for a total transaction of £19,969.36 ($24,442.30). Also, insider Pamela Powell acquired 5,109 shares of the company’s stock in a transaction on Monday, December 30th. The shares were bought at an average cost of GBX 97 ($1.19) per share, with a total value of £4,955.73 ($6,065.76). 14.41% of the stock is owned by corporate insiders.

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.