Funding Circle (LON:FCH) Trading Down 15.6% – Here’s What Happened

Funding Circle Holdings plc (LON:FCHGet Free Report) shares dropped 15.6% during trading on Wednesday . The stock traded as low as GBX 88.36 ($1.10) and last traded at GBX 105.50 ($1.32). Approximately 12,841,548 shares were traded during mid-day 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 Stock Performance

The stock has a market cap of £335.01 million, a PE ratio of 77.04 and a beta of 1.02. The company has a fifty day moving average price of GBX 128.96 and a 200 day moving average price of GBX 124.50. The company has a quick ratio of 3.33, a current ratio of 2.58 and a debt-to-equity ratio of 35.11.

About Funding Circle

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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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