Funding Circle (LON:FCH) Shares Down 1.2% – Here’s Why

Funding Circle Holdings plc (LON:FCH)’s stock price was down 1.2% on Friday . The company traded as low as GBX 125.48 ($1.58) and last traded at GBX 127.50 ($1.61). Approximately 498,762 shares traded hands during mid-day trading, a decline of 61% from the average daily volume of 1,264,043 shares. The stock had previously closed at GBX 129 ($1.63).

Funding Circle Trading Down 1.2 %

The stock has a 50-day simple moving average of GBX 132.41 and a two-hundred day simple moving average of GBX 107.84. The company has a debt-to-equity ratio of 35.11, a quick ratio of 3.33 and a current ratio of 2.58. The firm has a market cap of £398.90 million, a PE ratio of 91.73 and a beta of 1.02.

Insiders Place Their Bets

In other Funding Circle news, insider Samir Desai sold 4,000,000 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of GBX 125 ($1.58), for a total transaction of £5,000,000 ($6,301,197.23). Also, insider Oliver White sold 129,870 shares of the business’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of GBX 136 ($1.71), for a total value of £176,623.20 ($222,587.52). 35.18% of the stock is owned by insiders.

About Funding Circle

Funding Circle Holdings plc, together with its subsidiaries, provides online lending platforms in the United Kingdom, the United States, and internationally. The company offers small business loans, recovery loan schemes, and business finance solutions to small enterprises. It also provides flexipay and flexipay card solutions.