Cavendish Financial plc (LON:CAV – Get Free Report)’s stock price shot up 7.7% on Friday following insider buying activity. The stock traded as high as GBX 6.70 and last traded at GBX 6.68. Approximately 9,466,877 shares traded hands during mid-day trading, an increase of 1,394% from the average daily volume of 633,721 shares. The stock had previously closed at GBX 6.20.
Specifically, insider Lisa Gordon acquired 813,008 shares of Cavendish Financial stock in a transaction dated Wednesday, November 11th. The stock was bought at an average price of GBX 6 per share, with a total value of £48,780.48. Also, insider Ben Procter acquired 206,440 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The stock was purchased at an average cost of GBX 6 per share, with a total value of £12,386.40. In other Cavendish Financial news, insider Julian Morse acquired 1,000,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 11th. The shares were acquired at an average price of GBX 6 per share, with a total value of £60,000.
Cavendish Financial Stock Performance
The stock has a market capitalization of £22.42 million, a P/E ratio of 44.51 and a beta of 1.09. The business’s fifty day moving average price is GBX 7.81 and its two-hundred day moving average price is GBX 9.03.
Cavendish Financial (LON:CAV – Get Free Report) last announced its quarterly earnings data on Wednesday, November 11th. The company reported GBX 0.20 earnings per share (EPS) for the quarter. The company had revenue of GBX 2,295 million for the quarter. Cavendish Financial had a return on equity of 1.45% and a net margin of 1.00%. As a group, analysts forecast that Cavendish Financial plc will post 1.05 earnings per share for the current year.
Cavendish Financial Company Profile
Cavendish is a UK champion for ambitious growth and investment companies. The Group is trusted by public and private companies, operating across industry sectors, to deliver expert services in equity capital markets, M&A, debt advisory and growth capital. Cavendish has offices in London and Edinburgh and has a global reach through its membership of Oaklins. For more information on Cavendish, please visit www.cavendish.com
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