Funding Circle (LON:FCH) Stock Price Up 6.2%

Funding Circle Holdings plc (LON:FCH) rose 6.2% during trading on Wednesday . The company traded as high as GBX 140.20 ($1.83) and last traded at GBX 138 ($1.80). Approximately 148,083 shares were traded during trading, a decline of 54% from the average daily volume of 318,731 shares. The stock had previously closed at GBX 130 ($1.70).

Separately, Barclays lifted their target price on Funding Circle from GBX 125 ($1.63) to GBX 140 ($1.83) and gave the stock an “equal weight” rating in a research note on Monday, June 14th.

The firm has a market cap of £491.09 million and a P/E ratio of -4.42. The company has a quick ratio of 1.28, a current ratio of 1.29 and a debt-to-equity ratio of 239.25. The company has a 50 day simple moving average of GBX 153.67.

In related news, insider Oliver White sold 113,410 shares of the business’s stock in a transaction dated Wednesday, June 23rd. The stock was sold at an average price of GBX 151 ($1.97), for a total value of £171,249.10 ($223,738.05). Also, insider Helen Beck acquired 9,235 shares of the stock in a transaction that occurred on Monday, June 28th. The stock was purchased at an average price of GBX 160 ($2.09) per share, for a total transaction of £14,776 ($19,304.94).

Funding Circle Company Profile (LON:FCH)

Funding Circle Holdings plc, together with its subsidiaries, provides online lending platforms in the United Kingdom, the United States, and internationally. Its platforms originate small and medium enterprises loans through asset management companies, government-backed entities, public and private funds, individuals, banks, other institutional investors, national entities, and retail investors, as well as provide business loans for small and medium sized businesses.

Read More: Environmental, Social, and Governance (ESG) Investing

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