Card Factory (LON:CARD) Reaches New 52-Week Low – Here’s Why

Card Factory plc (LON:CARD) shares hit a new 52-week low on Wednesday . The company traded as low as GBX 79.60 ($1.02) and last traded at GBX 81.15 ($1.04), with a volume of 4193000 shares trading hands. The stock had previously closed at GBX 81.30 ($1.05).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 185 ($2.38) target price on shares of Card Factory in a research note on Tuesday, September 24th.

Card Factory Price Performance

The company has a quick ratio of 0.20, a current ratio of 1.10 and a debt-to-equity ratio of 65.23. The business’s 50-day simple moving average is GBX 104.30 and its 200 day simple moving average is GBX 105.41. The firm has a market capitalization of £282.10 million, a P/E ratio of 676.25, a PEG ratio of 0.84 and a beta of 2.06.

Card Factory Cuts Dividend

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

Insider Buying and Selling at Card Factory

In other news, insider Pamela Powell bought 4,766 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were purchased at an average price of GBX 104 ($1.34) per share, for a total transaction of £4,956.64 ($6,378.38). Company 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.