Card Factory (LON:CARD) Hits New 1-Year Low – Should You Sell?

Card Factory plc (LON:CARD)’s share price reached a new 52-week low 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. The stock had previously closed at GBX 89.10 ($1.16).

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CARD. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 185 ($2.40) target price on shares of Card Factory in a report on Tuesday, September 24th. Berenberg Bank began 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 for the company.

Card Factory Trading Down 6.3 %

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

Card Factory Cuts Dividend

The business also recently declared 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. This represents a yield of 0.84%. The ex-dividend date is Thursday, October 31st. Card Factory’s payout ratio is currently 5,000.00%.

Insider Buying and Selling

In related news, insider Pamela Powell purchased 4,766 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was bought at an average cost 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.