Funding Circle (LON:FCH) Shares Up 3.8%

Posted by Defense World Staff on Apr 9th, 2023

Funding Circle Holdings plc (LON:FCH – Get Rating) shares traded up 3.8% during mid-day trading on Friday . The company traded as high as GBX 54 ($0.67) and last traded at GBX 54 ($0.67). 68,940 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 176,298 shares. The stock had previously closed at GBX 52 ($0.65).

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on FCH. Numis Securities reissued a “buy” rating and set a GBX 250 ($3.10) target price on shares of Funding Circle in a report on Friday, March 17th. Berenberg Bank reissued a “buy” rating and issued a GBX 120 ($1.49) price objective on shares of Funding Circle in a research report on Tuesday, February 21st.

Funding Circle Price Performance

The business’s fifty day moving average price is GBX 57.64 and its 200 day moving average price is GBX 53. The stock has a market cap of £195.10 million, a P/E ratio of -2,700.00 and a beta of 0.82. The company has a debt-to-equity ratio of 23.27, a current ratio of 4.39 and a quick ratio of 3.33.

Insider Buying and Selling at Funding Circle

In other Funding Circle news, insider J Eric Daniels sold 93,919 shares of the company’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of GBX 53 ($0.66), for a total transaction of £49,777.07 ($61,819.51). Corporate insiders own 23.03% of the company’s stock.

Funding Circle Company Profile

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Funding Circle Holdings plc, together with its subsidiaries, provides online lending platforms in the United Kingdom, the United States, and internationally. The company offers small business loans, recovery loan schemes, and business finance solutions to small and medium enterprises. It also provides flexipay and flexipay card solutions.