Cake Box (LON:CBOX) Shares Down 3.6% - Here's What Happened

Key Points

• Cake Box Holdings Plc shares fell by 3.6%, trading at GBX 200 ($2.67), with trading volume significantly increasing to 703,211 shares, compared to an average of 74,814 shares.
• Despite the drop, the stock holds a consensus rating of "Buy" with an average target price of GBX 220, according to analysts.
• In its latest quarterly earnings report, Cake Box reported GBX 10.90 earnings per share and a net margin of 12.31%.

Cake Box Holdings Plc (LON:CBOX - Get Free Report)'s share price dropped 3.6% during mid-day trading on Friday . The company traded as low as GBX 200 ($2.67) and last traded at GBX 200 ($2.67). Approximately 703,211 shares traded hands during mid-day trading, an increase of 840% from the average daily volume of 74,814 shares. The stock had previously closed at GBX 207.50 ($2.77).

Analyst Ratings Changes

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Cake Box in a report on Tuesday, July 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of GBX 220.

Cake Box Stock Performance

The company has a current ratio of 2.50, a quick ratio of 1.99 and a debt-to-equity ratio of 18.51. The stock's 50 day moving average price is GBX 202.74 and its two-hundred day moving average price is GBX 191.88. The firm has a market capitalization of £88 million, a PE ratio of 1,881.47 and a beta of 1.19.

Cake Box (LON:CBOX - Get Free Report) last issued its quarterly earnings data on Tuesday, July 15th. The company reported GBX 10.90 earnings per share for the quarter. Cake Box had a net margin of 12.31% and a return on equity of 25.44%. On average, equities analysts expect that Cake Box Holdings Plc will post 11.1000004 earnings per share for the current year.

Cake Box Company Profile

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.

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