Carpetright (LON:CPR) Share Price Passes Below 200-Day Moving Average of $17.78

Shares of Carpetright plc (LON:CPR) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.78 and traded as low as $12.10. Carpetright shares last traded at $12.73, with a volume of 30,637 shares changing hands.

Several equities research analysts have issued reports on the company. Peel Hunt dropped their target price on Carpetright from GBX 70 ($0.91) to GBX 50 ($0.65) and set a “buy” rating on the stock in a research report on Tuesday, June 25th. Shore Capital reiterated a “hold” rating on shares of Carpetright in a research report on Tuesday, August 27th. Finally, Peel Hunt reiterated a “buy” rating on shares of Carpetright in a research report on Tuesday, August 27th.

The company has a debt-to-equity ratio of 86.12, a quick ratio of 0.18 and a current ratio of 0.71. The firm has a market cap of $38.66 million and a P/E ratio of -1.61. The firm has a 50 day simple moving average of GBX 14.47 and a 200 day simple moving average of GBX 17.75.



About Carpetright (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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