Card Factory (LON:CARD) Sets New 52-Week Low – What’s Next?

Shares of Card Factory plc (LON:CARD) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 87 ($1.13) and last traded at GBX 87.60 ($1.14), with a volume of 2891134 shares changing hands. The stock had previously closed at GBX 89.10 ($1.16).

Analyst Ratings Changes

CARD has been the topic of a number of analyst reports. Berenberg Bank initiated coverage on shares of Card Factory in a report on Wednesday, July 3rd. They set a “buy” rating and a GBX 154 ($2.00) target price on the stock. Canaccord Genuity Group reissued a “buy” rating and set a GBX 185 ($2.40) target price on shares of Card Factory in a report on Tuesday, September 24th.

Card Factory Trading Down 6.3 %

The firm has a market cap of £296.18 million, a P/E ratio of 710.83, a PEG ratio of 0.84 and a beta of 2.06. The company has a debt-to-equity ratio of 65.23, a current ratio of 1.10 and a quick ratio of 0.20. The stock has a 50 day moving average of GBX 110.58 and a 200 day moving average of GBX 106.07.

Card Factory Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, December 11th. Investors of record on Thursday, October 31st will be paid a GBX 1.20 ($0.02) dividend. The ex-dividend date is Thursday, October 31st. This represents a yield of 0.84%. Card Factory’s dividend payout ratio is presently 5,000.00%.

Insider Activity at Card Factory

In other news, insider Pamela Powell bought 4,766 shares of Card Factory stock in a transaction that occurred on Tuesday, October 1st. The shares were acquired at an average price of GBX 104 ($1.35) per share, with a total value of £4,956.64 ($6,428.01). 14.41% of the stock is owned by 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.