Funding Circle (LON:FCH) Trading 2.2% Higher – Should You Buy?

Funding Circle Holdings plc (LON:FCH) shares shot up 2.2% on Tuesday . The company traded as high as GBX 150 and last traded at GBX 148.19. Approximately 3,237,344 shares changed hands during mid-day trading, an increase of 68% from the average session volume of 1,922,802 shares. The stock had previously closed at GBX 145.

Analyst Ratings Changes

Separately, Shore Capital Group upgraded Funding Circle to a “buy” rating in a research note on Tuesday, April 7th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Funding Circle currently has a consensus rating of “Buy”.

Funding Circle Stock Performance

The company’s 50-day simple moving average is GBX 142.66 and its 200 day simple moving average is GBX 140.97. The company has a current ratio of 1.70, a quick ratio of 3.33 and a debt-to-equity ratio of 119.79. The stock has a market cap of £421.02 million, a P/E ratio of 10.58 and a beta of 0.72.

Insider Buying and Selling

In other Funding Circle news, insider Lisa Jacobs purchased 1,315 shares of the company’s stock in a transaction that occurred on Monday, May 18th. The shares were acquired at an average cost of GBX 137 per share, for a total transaction of £1,801.55. Also, insider Tony Nicol acquired 1,314 shares of the business’s stock in a transaction on Monday, May 18th. The stock was acquired at an average cost of GBX 137 per share, for a total transaction of £1,800.18. Company insiders own 1.17% of the company’s stock.

About Funding Circle