Funding Circle (LON:FCH) Shares Up 6.2%

Funding Circle Holdings plc (LON:FCH)’s share price shot up 6.2% during mid-day trading on Wednesday . The company traded as high as GBX 140.20 ($1.83) and last traded at GBX 138 ($1.80). 148,083 shares were traded during trading, a decline of 54% from the average session volume of 318,731 shares. The stock had previously closed at GBX 130 ($1.70).

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

The company has a market capitalization of £491.09 million and a PE ratio of -4.42. The company has a debt-to-equity ratio of 239.25, a quick ratio of 1.28 and a current ratio of 1.29. The company has a fifty day moving average price of GBX 153.67.

In other Funding Circle news, insider Helen Beck acquired 9,235 shares of the company’s stock in a transaction that occurred on Monday, June 28th. The stock was acquired at an average price of GBX 160 ($2.09) per share, for a total transaction of £14,776 ($19,304.94). Also, insider Oliver White acquired 1,025 shares of the company’s stock in a transaction that occurred on Wednesday, June 16th. The stock was acquired at an average price of GBX 161 ($2.10) per share, with a total value of £1,650.25 ($2,156.06).

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.

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