Funding Circle (LON:FCH) Shares Down 15.6% – Here’s Why

Funding Circle Holdings plc (LON:FCH) shares fell 15.6% during mid-day trading on Tuesday . The stock traded as low as GBX 88.36 ($1.10) and last traded at GBX 105.50 ($1.32). 10,505,925 shares traded hands during trading, an increase of 700% from the average session volume of 1,313,218 shares. The stock had previously closed at GBX 125 ($1.56).

Funding Circle Stock Up 1.1 %

The business has a 50-day moving average price of GBX 128.46 and a 200 day moving average price of GBX 124.39. The company has a current ratio of 2.58, a quick ratio of 3.33 and a debt-to-equity ratio of 35.11. The stock has a market capitalization of £344.71 million, a P/E ratio of 79.27 and a beta of 1.02.

Funding Circle Company Profile

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.