Card Factory (LON:CARD) Reaches New 52-Week Low – Here’s Why

Shares of Card Factory plc (LON:CARD) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 79.60 ($1.02) and last traded at GBX 81.15 ($1.04), with a volume of 4193000 shares trading hands. The stock had previously closed at GBX 81.30 ($1.05).

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 185 ($2.38) price objective on shares of Card Factory in a research report on Tuesday, September 24th.

Card Factory Stock Down 0.2 %

The firm has a market cap of £282.10 million, a P/E ratio of 676.25, a price-to-earnings-growth ratio of 0.84 and a beta of 2.06. The stock’s 50 day simple moving average is GBX 104.30 and its 200 day simple moving average is GBX 105.41. The company has a debt-to-equity ratio of 65.23, a quick ratio of 0.20 and a current ratio of 1.10.

Card Factory Cuts Dividend

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

Insider Activity at Card Factory

In related news, insider Pamela Powell purchased 4,766 shares of Card Factory stock in a transaction that occurred on Tuesday, October 1st. The stock was bought at an average price of GBX 104 ($1.34) per share, for a total transaction of £4,956.64 ($6,378.38). 14.41% of the stock is owned by company 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.