Shares of Funding Circle Holdings plc (LON:FCH – Get Free Report) dropped 15.6% on Tuesday . The company traded as low as GBX 88.36 ($1.10) and last traded at GBX 105.50 ($1.31). Approximately 12,841,548 shares traded hands during trading, an increase of 810% from the average daily volume of 1,410,535 shares. The stock had previously closed at GBX 125 ($1.56).
Funding Circle Price Performance
The company has a debt-to-equity ratio of 35.11, a current ratio of 2.58 and a quick ratio of 3.33. The firm has a market cap of £330.07 million, a P/E ratio of 75.90 and a beta of 1.02. The stock’s 50-day simple moving average is GBX 129.49 and its two-hundred day simple moving average is GBX 124.51.
About Funding Circle
Funding Circle (LSE: FCH) is a leading UK lending platform for SME borrowers. Established in the UK in 2010, and now the leading lending platform to SMEs, Funding Circle has extended more than £13.6bn in credit to c.103,000 businesses in the UK.
For SME borrowers, Funding Circle provides an unrivalled customer experience, delivered through its technology and data, coupled with a human touch.
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