Alfa Financial Software (LON:ALFA) Trading Up 0.9% – Time to Buy?

Alfa Financial Software Holdings PLC (LON:ALFA)’s share price rose 0.9% during trading on Friday . The company traded as high as GBX 160 and last traded at GBX 158.46. Approximately 903,326 shares traded hands during mid-day trading, a decline of 54% from the average daily volume of 1,946,559 shares. The stock had previously closed at GBX 157.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group upgraded shares of Alfa Financial Software to a “buy” rating and set a GBX 270 price target on the stock in a report on Thursday, April 30th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 269.67.

Alfa Financial Software Stock Up 0.9%

The company has a quick ratio of 1.37, a current ratio of 1.60 and a debt-to-equity ratio of 17.99. The company’s 50 day moving average price is GBX 155.90 and its 200 day moving average price is GBX 174.21. The firm has a market capitalization of £471.04 million, a price-to-earnings ratio of 15.63, a P/E/G ratio of 4.19 and a beta of 0.23.

Alfa Financial Software Company Profile

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.