Moonpig Group (LON:MOON) Shares Down 1.1% – Time to Sell?

Moonpig Group PLC (LON:MOON) traded down 1.1% during trading on Thursday . The company traded as low as GBX 215 and last traded at GBX 216. 837,576 shares changed hands during trading, a decline of 34% from the average session volume of 1,266,069 shares. The stock had previously closed at GBX 218.50.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reiterated a “buy” rating and set a GBX 300 price objective on shares of Moonpig Group in a report on Tuesday, December 9th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 307.

Moonpig Group Trading Down 0.7%

The company has a market capitalization of £673.62 million, a price-to-earnings ratio of 15.54 and a beta of 1.24. The business has a fifty day moving average price of GBX 208.32 and a 200 day moving average price of GBX 210.19. 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.

Moonpig Group announced that its board has authorized a share repurchase program on Friday, November 7th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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. The Moonpig brand also operates in Ireland, Australia and the United States.

The Group’s leading customer proposition includes an extensive range of cards, a curated range of gifts, personalisation features and next day delivery offering.