Augmentum Fintech (LON:AUGM) Sets New 1-Year Low – Here’s Why

Augmentum Fintech (LON:AUGMGet Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 85.80 ($1.11) and last traded at GBX 86 ($1.11), with a volume of 326842 shares changing hands. The stock had previously closed at GBX 87 ($1.12).

Augmentum Fintech Stock Performance

The company has a market cap of £144.93 million and a PE ratio of 0.82. The stock’s 50-day simple moving average is GBX 97.49 and its 200 day simple moving average is GBX 100.60.

Augmentum Fintech Company Profile

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Augmentum invests in fast growing fintech businesses that are disrupting the financial services sector.

Europe’s leading publicly listed fintech fund, Augmentum launched on the main market of the London Stock Exchange in 2018, giving businesses access to patient capital and support, unrestricted by conventional fund timelines and giving public markets investors access to a largely privately held investment sector during its main period of growth.

Their portfolio of 24 fintech companies includes Tide, Zopa, Onfido, Grover and Cushon.

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