Moonpig Group (LON:MOON) Shares Down 12.1% - Time to Sell?

Moonpig Group PLC (LON:MOON - Get Free Report)'s stock price dropped 12.1% on Thursday . The stock traded as low as GBX 213.50 ($2.93) and last traded at GBX 214.08 ($2.94). Approximately 3,401,989 shares traded hands during mid-day trading, an increase of 53% from the average daily volume of 2,223,633 shares. The stock had previously closed at GBX 243.50 ($3.34).

Analyst Ratings Changes

MOON has been the topic of several analyst reports. Berenberg Bank reissued a "buy" rating and issued a GBX 330 ($4.53) target price on shares of Moonpig Group in a research note on Friday, May 2nd. Shore Capital restated a "not rated" rating on shares of Moonpig Group in a report on Thursday. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of GBX 269.80 ($3.70).

Moonpig Group Stock Performance

The company has a quick ratio of 0.46, a current ratio of 0.24 and a debt-to-equity ratio of 3,511.31. The firm has a market capitalization of £750.53 million, a P/E ratio of 22.16 and a beta of 1.24. The stock has a fifty day moving average of GBX 242.65 and a 200-day moving average of GBX 224.76.

About Moonpig Group

Moonpig Group plc is a leading online greeting card and gifting platform, comprising the Moonpig, Buyagift and Red Letter Days brands in the UK and the Greetz brand in the Netherlands. The Group is the online market leader in cards in both of its core markets and is also the UK market leader in gift experiences.