Cake Box (LON:CBOX) Trading Up 1.1% – Here’s Why

Cake Box Holdings Plc (LON:CBOX)’s stock price traded up 1.1% on Tuesday . The company traded as high as GBX 195 ($2.43) and last traded at GBX 192 ($2.39). 11,828 shares changed hands during trading, a decline of 77% from the average session volume of 51,806 shares. The stock had previously closed at GBX 190 ($2.37).

Wall Street Analysts Forecast Growth

Separately, Panmure Gordon reiterated a “buy” rating and issued a GBX 220 ($2.74) target price on shares of Cake Box in a research report on Tuesday, December 31st.

Cake Box Trading Up 1.1 %

The company has a 50 day simple moving average of GBX 189.69 and a 200 day simple moving average of GBX 183.35. The company has a market capitalization of £76.80 million, a PE ratio of 1,745.45 and a beta of 1.19. The company has a debt-to-equity ratio of 18.51, a quick ratio of 1.99 and a current ratio of 2.50.

Cake Box (LON:CBOX) last posted its quarterly earnings data on Tuesday, November 12th. The company reported GBX 5.18 ($0.06) EPS for the quarter. Cake Box had a return on equity of 25.16% and a net margin of 12.31%. Analysts anticipate that Cake Box Holdings Plc will post 11.1000004 earnings per share for the current year.

About Cake Box

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.