Cake Box (LON:CBOX) Stock Price Down 1% – Here’s Why

Cake Box Holdings Plc (LON:CBOXGet Free Report)’s share price dropped 1% during trading on Tuesday . The company traded as low as GBX 195.50 and last traded at GBX 198. Approximately 92,449 shares were traded during mid-day trading, an increase of 93% from the average session volume of 47,838 shares. The stock had previously closed at GBX 200.

Analysts Set New Price Targets

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Cake Box in a report on Tuesday, June 30th.

Check Out Our Latest Stock Analysis on Cake Box

Cake Box Price Performance

The business’s 50 day moving average is GBX 198.21 and its two-hundred day moving average is GBX 197.26. The firm has a market cap of £87.12 million, a P/E ratio of 17.35 and a beta of 0.85. The company has a quick ratio of 1.99, a current ratio of 0.99 and a debt-to-equity ratio of 69.38.

Cake Box (LON:CBOXGet Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The company reported GBX 11.86 earnings per share for the quarter. Cake Box had a return on equity of 19.38% and a net margin of 8.74%. As a group, analysts anticipate that Cake Box Holdings Plc will post 11.1000004 earnings per share for the current year.

Insider Transactions at Cake Box

In other Cake Box news, insider Sukh Ram Chamda purchased 15,000 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were purchased at an average cost of GBX 202 per share, for a total transaction of £30,300. Company insiders own 29.64% of the company’s stock.

Cake Box Company Profile

(Get Free Report)

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. The company sells its products through its physical stores and online. Cake Box Holdings Plc was founded in 2008 and is headquartered in London, the United Kingdom.

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