Orchard Funding Group (LON:ORCH) Shares Pass Above 50-Day Moving Average – Time to Sell?

Orchard Funding Group plc (LON:ORCH)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 39.99 ($0.54) and traded as high as GBX 52 ($0.70). Orchard Funding Group shares last traded at GBX 50.13 ($0.68), with a volume of 189,579 shares traded.

Orchard Funding Group Trading Down 0.7%

The company has a quick ratio of 1.86, a current ratio of 1.50 and a debt-to-equity ratio of 212.80. The company’s fifty day moving average price is GBX 39.99 and its two-hundred day moving average price is GBX 32.38. The firm has a market cap of £10.71 million, a PE ratio of 716.19 and a beta of -0.13.

Orchard Funding Group (LON:ORCH) last released its earnings results on Monday, March 31st. The company reported GBX 7.15 ($0.10) EPS for the quarter. Orchard Funding Group had a return on equity of 8.62% and a net margin of 23.07%. As a group, sell-side analysts forecast that Orchard Funding Group plc will post 6.58 earnings per share for the current fiscal year.

Orchard Funding Group Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, June 25th. Investors of record on Thursday, June 12th will be paid a GBX 2 ($0.03) dividend. This is an increase from Orchard Funding Group’s previous dividend of $1.00. The ex-dividend date is Thursday, June 12th. This represents a yield of 7.02%. Orchard Funding Group’s payout ratio is presently 4,285.71%.

Orchard Funding Group Company Profile

Orchard Funding Group plc, through its subsidiaries, provides insurance premium finance, professional fee funding, finance, and secured property lending services in the United Kingdom. It operates in two segments, Standard Lending and Toyota Products. The company offers credit to businesses and consumers for spreading the cost of their insurance premiums; and professional customized fee funding solutions to accounting firms, professionals, and small businesses to provide extended credit to their business clients.