Cake Box (LON:CBOX) Hits New 52-Week High – Here’s Why

Cake Box Holdings Plc (LON:CBOX) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 200 ($2.52) and last traded at GBX 191 ($2.40), with a volume of 12828 shares. The stock had previously closed at GBX 190 ($2.39).

Analysts Set New Price Targets

Separately, Panmure Gordon reaffirmed a “buy” rating and issued a GBX 220 ($2.77) target price on shares of Cake Box in a research note on Tuesday, December 31st.

Cake Box Trading Down 1.3 %

The company has a debt-to-equity ratio of 18.51, a current ratio of 2.50 and a quick ratio of 1.99. The firm’s 50 day moving average is GBX 189.25 and its 200 day moving average is GBX 183.60. The company has a market capitalization of £77.59 million, a PE ratio of 16.66 and a beta of 1.19.

Cake Box (LON:CBOX) last released its quarterly earnings results on Tuesday, November 12th. The company reported GBX 5.18 ($0.07) earnings per share for the quarter. Cake Box had a net margin of 12.31% and a return on equity of 25.44%. As a group, equities analysts predict that Cake Box Holdings Plc will post 11.1000004 EPS for the current year.

Cake Box Company Profile

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.