Card Factory (LON:CARD) Stock Passes Above Fifty Day Moving Average – Here’s Why

Shares of Card Factory plc (LON:CARD) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 92.19 ($1.12) and traded as high as GBX 96.20 ($1.17). Card Factory shares last traded at GBX 95.20 ($1.16), with a volume of 2,750,454 shares traded.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 185 ($2.25) target price on shares of Card Factory in a report on Tuesday, September 24th.

Card Factory Stock Down 3.6 %

The firm has a market capitalization of £320.86 million, a PE ratio of 769.17, a PEG ratio of 0.84 and a beta of 2.06. The company has a fifty day simple moving average of GBX 92.67 and a two-hundred day simple moving average of GBX 103.62. The company has a debt-to-equity ratio of 65.23, a quick ratio of 0.20 and a current ratio of 1.10.

Insiders Place Their Bets

In related news, insider Pamela Powell acquired 5,109 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of GBX 97 ($1.18) per share, for a total transaction of £4,955.73 ($6,029.60). Also, insider Matthias Seeger acquired 21,244 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were bought at an average price of GBX 94 ($1.14) per share, with a total value of £19,969.36 ($24,296.58). Company insiders own 14.41% of the company’s stock.

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.