Cake Box (LON:CBOX) Trading Up 3.4% - Here's Why

Key Points

• Cake Box Holdings Plc (LON:CBOX) shares increased by 3.4%, reaching GBX 225 ($2.99), amid a trading volume decline of 47% from its average.
• The company reported earnings per share of GBX 10.90 ($0.14) and has a net margin of 12.31% with a return on equity of 25.44%.
• Shore Capital reiterated a "house stock" rating for Cake Box, indicating confidence in the company's stock performance.

Cake Box Holdings Plc (LON:CBOX - Get Free Report)'s share price traded up 3.4% on Tuesday . The stock traded as high as GBX 225 ($3.03) and last traded at GBX 225 ($3.03). 41,656 shares were traded during mid-day trading, a decline of 47% from the average session volume of 78,712 shares. The stock had previously closed at GBX 217.50 ($2.93).

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Cake Box in a research note on Tuesday, July 15th.

Cake Box Stock Performance

The company has a quick ratio of 1.99, a current ratio of 2.50 and a debt-to-equity ratio of 18.51. The firm has a market cap of £87.80 million, a price-to-earnings ratio of 18.85 and a beta of 1.19. The business has a 50 day moving average of GBX 192.51 and a 200 day moving average of GBX 188.44.

Cake Box (LON:CBOX - Get Free Report) last posted its quarterly earnings data on Tuesday, July 15th. The company reported GBX 10.90 ($0.15) EPS for the quarter. Cake Box had a return on equity of 25.44% and a net margin of 12.31%. On average, research analysts forecast that Cake Box Holdings Plc will post 11.1000004 earnings per share for the current fiscal year.

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.