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

Shares of Funding Circle Holdings plc (LON:FCH) fell 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). 498,762 shares traded hands during trading, a decline of 61% from the average session volume of 1,264,043 shares. The stock had previously closed at GBX 129 ($1.63).

Funding Circle Price Performance

The stock has a market capitalization of £398.90 million, a PE ratio of 91.73 and a beta of 1.02. The firm’s 50 day simple moving average is GBX 132.41 and its 200 day simple moving average is GBX 107.84. The company has a debt-to-equity ratio of 35.11, a current ratio of 2.58 and a quick ratio of 3.33.

Insider Transactions at Funding Circle

In other 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 ($1.71), for a total transaction of £176,623.20 ($222,587.52). Also, insider Samir Desai sold 4,000,000 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of GBX 125 ($1.58), for a total transaction of £5,000,000 ($6,301,197.23). Company insiders own 35.18% of the company’s stock.

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.