Carpetright (LON:CPR) Shares Pass Below Two Hundred Day Moving Average of $0.00

Carpetright plc (LON:CPR)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $0.00 and traded as low as $13.10. Carpetright shares last traded at $13.70, with a volume of 337,433 shares.

CPR has been the subject of a number of analyst reports. Peel Hunt reduced their price objective on shares of Carpetright from GBX 70 ($0.91) to GBX 50 ($0.65) and set a “buy” rating for the company in a research note on Tuesday, June 25th. Shore Capital reiterated a “hold” rating on shares of Carpetright in a research note on Tuesday, June 25th. Finally, Peel Hunt cut their target price on shares of Carpetright from GBX 70 ($0.91) to GBX 50 ($0.65) and set a “buy” rating for the company in a research note on Monday, June 24th.

The company has a market cap of $43.14 million and a PE ratio of -1.73. The stock’s 50 day simple moving average is GBX 15.49. The company has a quick ratio of 0.18, a current ratio of 0.71 and a debt-to-equity ratio of 86.12.



Carpetright Company Profile (LON:CPR)

Carpetright plc engages in the retail sale of floor coverings, beds, curtains, and blinds. The company also sells its products through online. It operates 545 stores in the United Kingdom, Belgium, the Netherlands, and the Republic of Ireland. Carpetright plc was founded in 1988 and is headquartered in Purfleet, the United Kingdom.

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