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

Funding Circle Holdings plc (LON:FCH)’s share price dropped 1.2% during trading on Friday . The stock traded as low as GBX 125.48 ($1.58) and last traded at GBX 127.50 ($1.61). Approximately 498,762 shares were traded 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 company has a debt-to-equity ratio of 35.11, a current ratio of 2.58 and a quick ratio of 3.33. The firm has a fifty day simple moving average of GBX 132.41 and a two-hundred day simple moving average of GBX 108.12. The firm has a market capitalization of £398.90 million, a P/E ratio of 91.73 and a beta of 1.02.

Insider Transactions at Funding Circle

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