Ramsdens (LON:RFX) Trading Up 2.2% – Here’s Why

Shares of Ramsdens Holdings PLC (LON:RFX) traded up 2.2% during trading on Tuesday . The stock traded as high as GBX 232 ($2.92) and last traded at GBX 230 ($2.90). 113,812 shares changed hands during trading, an increase of 18% from the average session volume of 96,075 shares. The stock had previously closed at GBX 225 ($2.83).

Ramsdens Stock Performance

The business has a 50-day moving average price of GBX 214.84 and a 200-day moving average price of GBX 206.79. The company has a quick ratio of 1.62, a current ratio of 2.91 and a debt-to-equity ratio of 42.10. The firm has a market capitalization of £72.22 million, a price-to-earnings ratio of 943.33 and a beta of 1.22.

Insider Buying and Selling at Ramsdens

In other news, insider Andrew David Meehan sold 125,000 shares of the business’s stock in a transaction on Friday, October 4th. The shares were sold at an average price of GBX 217 ($2.73), for a total transaction of £271,250 ($341,495.66). 19.77% of the stock is currently owned by company insiders.

Ramsdens Company Profile

Ramsdens Holdings PLC engages in the provision of diversified financial services in the United Kingdom and internationally. It operates through four segments: Foreign Currency Exchange, Pawnbroking, Jewellery Retail, and Purchase of Precious Metals. The company engages in the sale and purchase of foreign currency notes to holidaymakers, as well as offers travel cards and international bank-to-bank payments; and provision of pawnbroking and asset backed lending services.