Funding Circle (LON:FCH) Shares Down 0.2%

Funding Circle Holdings plc (LON:FCHGet Rating) shares dropped 0.2% during trading on Tuesday . The company traded as low as GBX 48.20 ($0.60) and last traded at GBX 49.90 ($0.62). Approximately 10,440 shares traded hands during trading, a decline of 94% from the average daily volume of 160,737 shares. The stock had previously closed at GBX 50 ($0.62).

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FCH. Berenberg Bank reiterated a “buy” rating and issued a GBX 120 ($1.49) target price on shares of Funding Circle in a research note on Tuesday, February 21st. Numis Securities reiterated a “buy” rating and issued a GBX 250 ($3.11) price objective on shares of Funding Circle in a research report on Friday, March 17th.

Funding Circle Price Performance

The company’s fifty day simple moving average is GBX 53.03 and its 200-day simple moving average is GBX 54.78. The stock has a market cap of £180.29 million, a P/E ratio of -2,495.00 and a beta of 0.82. The company has a current ratio of 4.39, a quick ratio of 3.33 and a debt-to-equity ratio of 23.27.

Insiders Place Their Bets

In related news, insider J Eric Daniels sold 93,919 shares of the business’s stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of GBX 53 ($0.66), for a total value of £49,777.07 ($61,911.78). Corporate insiders own 23.03% of the company’s stock.

Funding Circle Company Profile

(Get Rating)

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.

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