Funding Circle (LON:FCH) Trading Down 4.5% – Here’s What Happened

Shares of Funding Circle Holdings plc (LON:FCH) fell 4.5% on Friday . The stock traded as low as GBX 137.50 ($1.79) and last traded at GBX 137.50 ($1.79). 678,894 shares traded hands during trading, a decline of 47% from the average session volume of 1,270,368 shares. The stock had previously closed at GBX 144 ($1.87).

Funding Circle Trading Down 4.5 %

The company has a current ratio of 2.58, a quick ratio of 3.33 and a debt-to-equity ratio of 35.11. The firm has a market capitalization of £430.18 million, a P/E ratio of 98.92 and a beta of 1.02. The business has a 50 day moving average of GBX 124.98 and a 200-day moving average of GBX 99.93.

Insider Transactions at Funding Circle

In related news, insider Oliver White sold 129,870 shares of the business’s stock in a transaction on Wednesday, October 2nd. The shares were sold at an average price of GBX 136 ($1.77), for a total value of £176,623.20 ($229,321.22). In other news, insider Samir Desai sold 4,000,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of GBX 125 ($1.62), for a total transaction of £5,000,000 ($6,491,820.31). Also, insider Oliver White sold 129,870 shares of Funding Circle stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of GBX 136 ($1.77), for a total transaction of £176,623.20 ($229,321.22). 35.18% of the stock is owned by insiders.

Funding Circle Company Profile

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.