Cavendish Financial (LON:CAV) Trading 2.6% Higher – Time to Buy?

Cavendish Financial plc (LON:CAV) shot up 2.6% during mid-day trading on Tuesday . The company traded as high as GBX 10 and last traded at GBX 9.75. 54,708 shares were traded during mid-day trading, a decline of 86% from the average session volume of 392,477 shares. The stock had previously closed at GBX 9.50.

Cavendish Financial Stock Up 2.6%

The company’s 50 day moving average price is GBX 9.30 and its 200 day moving average price is GBX 9.42. The firm has a market capitalization of £33.57 million, a price-to-earnings ratio of 66.67 and a beta of 1.09.

Cavendish Financial (LON:CAV) last released its earnings results on Thursday, June 25th. The company reported GBX 0.16 earnings per share (EPS) for the quarter. The firm had revenue of GBX 5,687 million for the quarter. Cavendish Financial had a return on equity of 1.45% and a net margin of 1.00%. As a group, analysts expect that Cavendish Financial plc will post 1.048913 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Ben Procter sold 221,929 shares of the stock in a transaction dated Tuesday, July 14th. The stock was sold at an average price of GBX 9, for a total value of £19,973.61. Insiders own 25.68% of the company’s stock.

About Cavendish Financial

Cavendish is a UK champion for ambitious growth and investment companies. The Group is trusted by public and private companies, operating across industry sectors, to deliver expert services in equity capital markets, M&A, debt advisory and growth capital.

Cavendish has offices in London and Edinburgh and has a global reach through its membership of Oaklins.

For more information on Cavendish, please visit www.cavendish.com