Card Factory (LON:CARD) Shares Cross Above 50-Day Moving Average – Here’s What Happened

Shares of Card Factory plc (LON:CARD) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 90.10 ($1.13) and traded as high as GBX 97.30 ($1.22). Card Factory shares last traded at GBX 96.80 ($1.21), with a volume of 657,943 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 185 ($2.32) price objective on shares of Card Factory in a research report on Tuesday, September 24th.

Card Factory Trading Up 0.8 %

The stock’s fifty day simple moving average is GBX 90.10 and its two-hundred day simple moving average is GBX 103.37. The firm has a market cap of £334.39 million, a PE ratio of 801.58, 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 Buying and Selling

In other news, insider Pamela Powell purchased 4,766 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were bought at an average price of GBX 104 ($1.30) per share, for a total transaction of £4,956.64 ($6,213.66). Also, insider Matthias Seeger acquired 21,244 shares of Card Factory stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of GBX 94 ($1.18) per share, with a total value of £19,969.36 ($25,033.67). 14.41% of the stock is currently owned by company 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.