Cake Box (LON:CBOX) Trading Down 3.6% – Should You Sell?

Shares of Cake Box Holdings Plc (LON:CBOX) were down 3.6% during mid-day trading on Wednesday . The stock traded as low as GBX 190.43 and last traded at GBX 190.43. Approximately 135,716 shares changed hands during trading, an increase of 167% from the average session volume of 50,897 shares. The stock had previously closed at GBX 197.50.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Cake Box in a research report on Tuesday, June 30th.

Cake Box Stock Down 0.3%

The stock has a market capitalization of £82.28 million, a P/E ratio of 16.39 and a beta of 0.85. The company has a current ratio of 0.99, a quick ratio of 1.99 and a debt-to-equity ratio of 69.38. The stock’s 50 day simple moving average is GBX 200.10 and its 200 day simple moving average is GBX 197.30.

Cake Box (LON:CBOX) last released its earnings results on Tuesday, June 30th. The company reported GBX 11.86 earnings per share for the quarter. Cake Box had a net margin of 8.74% and a return on equity of 19.38%. As a group, research analysts predict that Cake Box Holdings Plc will post 11.1000004 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Sukh Ram Chamda acquired 15,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was purchased at an average cost of GBX 202 per share, with a total value of £30,300. 29.64% of the stock is currently owned by corporate insiders.

About Cake Box

Cake Box Holdings Plc, together with its subsidiaries, engages in the retail of fresh cream celebration cakes in the United Kingdom. The company sells cakes, cupcakes, cheesecakes, and treats; and party accessories, including balloons and candles. It also engages in the franchising of specialist cake stores; and property rental activities. The company sells its products through its physical stores and online. Cake Box Holdings Plc was founded in 2008 and is headquartered in London, the United Kingdom.