Funding Circle (LON:FCH) Trading Up 1.1% – Here’s Why

Funding Circle Holdings plc (LON:FCH)’s share price was up 1.1% during mid-day trading on Tuesday . The company traded as high as GBX 140.60 and last traded at GBX 139.32. Approximately 15,050,525 shares changed hands during trading, an increase of 721% from the average daily volume of 1,833,540 shares. The stock had previously closed at GBX 137.80.

Wall Street Analyst Weigh In

Separately, Shore Capital Group upgraded shares of Funding Circle to a “buy” rating in a research report on Tuesday, April 7th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Funding Circle has a consensus rating of “Buy”.

Funding Circle Stock Up 1.1%

The company has a market cap of £395.82 million, a P/E ratio of 9.95 and a beta of 0.74. The company has a current ratio of 1.70, a quick ratio of 3.33 and a debt-to-equity ratio of 119.79. The firm’s 50 day moving average price is GBX 141.09 and its 200-day moving average price is GBX 138.60.

Insider Activity

In other Funding Circle news, insider Lisa Jacobs bought 1,315 shares of Funding Circle stock in a transaction dated Monday, May 18th. The shares were bought at an average price of GBX 137 per share, with a total value of £1,801.55. Also, insider Tony Nicol bought 1,314 shares of Funding Circle stock in a transaction dated Monday, May 18th. The stock was acquired at an average cost of GBX 137 per share, for a total transaction of £1,800.18. 1.17% of the stock is currently owned by company insiders.

Funding Circle Company Profile