Alfa Financial Software (LON:ALFA) Trading Down 4.1% – Here’s What Happened

Alfa Financial Software Holdings PLC (LON:ALFA)’s share price was down 4.1% during mid-day trading on Friday . The stock traded as low as GBX 209 ($2.70) and last traded at GBX 210 ($2.71). Approximately 3,844,824 shares traded hands during mid-day trading, an increase of 469% from the average daily volume of 676,142 shares. The stock had previously closed at GBX 219 ($2.82).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Alfa Financial Software in a research report on Thursday, March 13th.

Alfa Financial Software Stock Performance

The business’s fifty day simple moving average is GBX 228.74 and its 200-day simple moving average is GBX 218.03. 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 capitalization of £628.91 million, a PE ratio of 28.39, a price-to-earnings-growth ratio of 4.19 and a beta of 0.08.

Alfa Financial Software (LON:ALFA) last announced its quarterly earnings results on Thursday, March 13th. The company reported GBX 8.68 ($0.11) earnings per share for the quarter. Alfa Financial Software had a net margin of 21.79% and a return on equity of 51.52%. As a group, equities research analysts expect that Alfa Financial Software Holdings PLC will post 8.7583445 EPS for the current year.

Alfa Financial Software Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 27th. Shareholders of record on Thursday, May 29th will be paid a dividend of GBX 2.40 ($0.03) per share. The ex-dividend date of this dividend is Thursday, May 29th. This represents a yield of 1.07%. Alfa Financial Software’s payout ratio is currently 13.52%.

About Alfa Financial Software

Alfa has been delivering software systems and consultancy services to the global asset and automotive finance industry since 1990. Our best practice methodologies and specialised knowledge of asset finance facilitates delivery of large software implementations and highly complex business change projects.