Funding Circle (LON:FCH) Shares Down 15.9% – What’s Next?

Funding Circle Holdings plc (LON:FCHGet Free Report) shares traded down 15.9% during trading on Tuesday . The stock traded as low as GBX 88.36 ($1.10) and last traded at GBX 105.12 ($1.31). 8,339,467 shares changed hands during mid-day trading, an increase of 582% from the average session volume of 1,222,949 shares. The stock had previously closed at GBX 125 ($1.56).

Funding Circle Stock Down 15.9 %

The firm has a market cap of £328.88 million, a PE ratio of 75.63 and a beta of 1.02. The stock has a 50 day simple moving average of GBX 129.49 and a 200-day simple moving average of GBX 124.51. The company has a debt-to-equity ratio of 35.11, a current ratio of 2.58 and a quick ratio of 3.33.

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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