Cake Box (LON:CBOX) Shares Down 2.7% - Here's What Happened

Cake Box Holdings Plc (LON:CBOX - Get Free Report) traded down 2.7% on Wednesday . The stock traded as low as GBX 180 ($2.44) and last traded at GBX 180 ($2.44). 12,578 shares changed hands during trading, a decline of 81% from the average session volume of 66,870 shares. The stock had previously closed at GBX 185 ($2.51).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "house stock" rating on shares of Cake Box in a research report on Monday, March 31st.

Cake Box Stock Performance

The business has a 50-day moving average price of GBX 185.18 and a 200-day moving average price of GBX 187.35. The firm has a market capitalization of £73.51 million, a price-to-earnings ratio of 15.78 and a beta of 1.19. The company has a quick ratio of 1.99, a current ratio of 2.50 and a debt-to-equity ratio of 18.51.

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.