Moonpig Group (LON:MOON) Trading Down 9.2% - Here's What Happened

Moonpig Group PLC (LON:MOON - Get Free Report)'s share price traded down 9.2% during mid-day trading on Thursday . The company traded as low as GBX 207.75 ($2.85) and last traded at GBX 221 ($3.03). 5,454,499 shares were traded 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).

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Berenberg Bank restated a "buy" rating and set a GBX 330 ($4.53) price target on shares of Moonpig Group in a research note on Friday, May 2nd. Shore Capital reiterated a "not rated" rating on shares of Moonpig Group in a research note on Thursday. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of GBX 269.80 ($3.70).

Moonpig Group Trading Up 2.3%

The company's fifty day simple moving average is GBX 242.79 and its 200-day simple moving average is GBX 224.79. 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 firm has a market capitalization of £769.25 million, a PE ratio of 22.71 and a beta of 1.24.

Moonpig Group Company Profile

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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