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Funding Circle (LON:FCH) Trading Down 4.5% - Here's What Happened

Funding Circle logo with Financial Services background

Funding Circle Holdings plc (LON:FCH - Get Free Report)'s share price traded down 4.5% during mid-day trading 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 changed 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 Price Performance

The company has a 50-day moving average of GBX 124.98 and a 200-day moving average of GBX 99.55. The stock has a market capitalization of £430.18 million, a price-to-earnings ratio of 98.92 and a beta of 1.02. The company has a debt-to-equity ratio of 35.11, a quick ratio of 3.33 and a current ratio of 2.58.

Insider Activity

In other news, insider Oliver White sold 129,870 shares of the business's 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 value of £176,623.20 ($229,321.22). In other Funding Circle news, insider Samir Desai sold 4,000,000 shares of the firm's stock in a transaction dated Friday, September 27th. The stock was sold at an average price of GBX 125 ($1.62), for a total value of £5,000,000 ($6,491,820.31). Also, insider Oliver White sold 129,870 shares of Funding Circle stock in a transaction dated 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). Company insiders own 35.18% of the company's stock.

About Funding Circle

(Get Free Report)

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.

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