Carpetright (LON:CPR) Shares Pass Below 200-Day Moving Average of $0.00

Carpetright plc (LON:CPR)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as low as $13.10. Carpetright shares last traded at $13.70, with a volume of 337,433 shares.

A number of research firms recently weighed in on CPR. Shore Capital reaffirmed a “hold” rating on shares of Carpetright in a research report on Tuesday, June 25th. Peel Hunt lowered their price objective on shares of Carpetright from GBX 70 ($0.91) to GBX 50 ($0.65) and set a “buy” rating for the company in a research report on Monday, June 24th. Finally, Peel Hunt lowered their price objective on shares of Carpetright from GBX 70 ($0.91) to GBX 50 ($0.65) and set a “buy” rating for the company in a research report on Tuesday, June 25th.

The company has a debt-to-equity ratio of 86.12, a quick ratio of 0.18 and a current ratio of 0.71. The company has a market cap of $43.44 million and a PE ratio of -1.81. The company’s 50-day simple moving average is GBX 15.37 and its 200 day simple moving average is GBX 18.36.

About Carpetright (LON:CPR)

Carpetright plc engages in the retail sale of floor coverings, beds, curtains, and blinds. The company also sells its products through online. It operates 545 stores in the United Kingdom, Belgium, the Netherlands, and the Republic of Ireland. Carpetright plc was founded in 1988 and is headquartered in Purfleet, the United Kingdom.

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