Funding Circle (LON:FCH) Share price down 7.2%

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Shares of Funding Circle Holdings plc (LON:FCH – Get Rating) fell 7.2% during Friday’s midday session. The stock traded as low as GBX 41 ($0.50) and last traded at GBX 41 ($0.50). 1,048,942 shares changed hands during the midday session, a 56% increase from the average session volume of 673,892 shares. The stock had previously closed at 44.20 GBX ($0.53).

A Wall Street analyst gives his opinion

FCH has been the subject of a number of recent research reports. Berenberg Bank rephrased a “buy” rating and set a GBX 120 ($1.45) price target on Funding Circle shares in a Friday, April 29 research note. Barclays reaffirmed an “equal weight” rating and set a GBX 140 ($1.69) price target on shares of Funding Circle in a research report on Thursday, May 19.

Funding circle stock down 7.2%

The company has a 50-day simple moving average of 48.50 GBX and a two-hundred-day simple moving average of 63.39 GBX. The company has a quick ratio of 2.11, a current ratio of 2.15 and a debt ratio of 82.43. The stock has a market capitalization of £147.87 million and a P/E ratio of 273.33.

Insider buying and selling

In other Funding Circle news, insider Oliver White bought 3,005 shares of the company in a trade on Thursday, June 16. The shares were purchased at an average price of 60 GBX ($0.72) per share, for a total transaction of £1,803 ($2,178.59).

Funding Circle Company Profile

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Funding Circle Holdings plc, together with its subsidiaries, provides online lending platforms in the UK, US and internationally. The company offers small business loans, recovery loan programs and financing solutions for small and medium-sized businesses. It also offers flexipay and flexipay card solutions.

Further reading



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