Moonpig Group (LON:MOON) Stock Price Down 9.7% - Here's What Happened

Moonpig Group PLC (LON:MOON - Get Free Report) shares dropped 9.7% during trading on Thursday . The company traded as low as GBX 214.95 ($2.95) and last traded at GBX 219.95 ($3.02). Approximately 2,157,143 shares traded hands during trading, a decline of 3% from the average daily volume of 2,213,430 shares. The stock had previously closed at GBX 243.50 ($3.34).

Analysts Set New Price Targets

MOON has been the subject of a number of recent research reports. 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. Shore Capital restated a "not rated" rating on shares of Moonpig Group in a research note on Thursday. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of GBX 269.80 ($3.70).

Moonpig Group Stock Performance

The company has a market cap of £750.53 million, a P/E ratio of 22.16 and a beta of 1.24. The company has a 50 day moving average price of GBX 242.65 and a 200-day moving average price of GBX 224.44. 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.

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.