Alfa Financial Software (LON:ALFA) Trading Down 1.4% – Here’s Why

Alfa Financial Software Holdings PLC (LON:ALFA) shares dropped 1.4% on Friday . The company traded as low as GBX 212 and last traded at GBX 212. Approximately 53,986 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 553,548 shares. The stock had previously closed at GBX 215.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Shore Capital restated a “buy” rating and set a GBX 270 price objective on shares of Alfa Financial Software in a report on Thursday, November 13th. Peel Hunt reissued an “add” rating and set a GBX 275 price target on shares of Alfa Financial Software in a research report on Thursday, November 13th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 275.67.

Alfa Financial Software Price Performance

The company’s fifty day moving average is GBX 221.84 and its two-hundred day moving average is GBX 225.95. The company has a debt-to-equity ratio of 20.78, a quick ratio of 1.37 and a current ratio of 1.43. The firm has a market cap of £627.68 million, a price-to-earnings ratio of 21.39, a price-to-earnings-growth ratio of 4.19 and a beta of 0.08.

About Alfa Financial Software

Alfa has been delivering leading-edge technology to the global asset finance and leasing industry since 1990. Our specialised expertise enables us to deliver the most challenging systems transformation projects successfully.

Alfa Systems, our class-leading SaaS platform, is at the heart of the world’s largest and most progressive asset finance operations. Supporting all types of automotive, equipment and wholesale finance, Alfa Systems is proven at volume and across borders, and trusted by leading brands to manage complex portfolios, drive efficiency and sustainability, and enhance the customer experience.

With full functionality for originations, servicing and collections, Alfa Systems is live in 37 countries, representing an integrated point solution, a rapid off-the-shelf implementation, or an end-to-end platform for the complex global enterprise.