Moonpig Group (LON:MOON) Shares Down 9.2% - Time to Sell?

Moonpig Group PLC (LON:MOON - Get Free Report) fell 9.2% during mid-day trading on Friday . The stock traded as low as GBX 207.75 ($2.85) and last traded at GBX 221 ($3.03). 5,454,499 shares traded hands during trading, an increase of 143% from the average session volume of 2,240,457 shares. The stock had previously closed at GBX 243.50 ($3.34).

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on MOON. Shore Capital reiterated a "not rated" rating on shares of Moonpig Group in a research report on Thursday. Berenberg Bank restated a "buy" rating and set a GBX 330 ($4.53) price objective on shares of Moonpig Group in a research note on Friday, May 2nd. Five analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of GBX 269.80 ($3.70).

Moonpig Group Price Performance

The company has a debt-to-equity ratio of 3,511.31, a current ratio of 0.24 and a quick ratio of 0.46. The company has a fifty day moving average price of GBX 242.79 and a 200 day moving average price of GBX 224.79. The company has a market capitalization of £769.80 million, a P/E ratio of 22.73 and a beta of 1.24.

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.

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