Amigo (LON:AMGO) Stock Price Down 11.5% – Here’s Why

Amigo Holdings PLC (LON:AMGO) shares were down 11.5% during mid-day trading on Wednesday . The stock traded as low as GBX 2.30 and last traded at GBX 2.43. Approximately 4,705,868 shares were traded during mid-day trading, a decline of 37% from the average daily volume of 7,514,919 shares. The stock had previously closed at GBX 2.75.

Amigo Price Performance

The stock’s 50 day moving average is GBX 1.06 and its two-hundred day moving average is GBX 0.58. The stock has a market capitalization of £25.91 million, a PE ratio of -0.13, a price-to-earnings-growth ratio of 0.90 and a beta of 1.92.

Amigo (LON:AMGO) last posted its quarterly earnings results on Monday, December 15th. The company reported GBX (0.33) EPS for the quarter. Amigo had a positive return on equity of 6.73% and a negative net margin of 438.10%. On average, equities analysts predict that Amigo Holdings PLC will post 0.4268293 earnings per share for the current year.

Insider Buying and Selling at Amigo

In other Amigo news, insider Nicholas Beal purchased 3,666,669 shares of the firm’s stock in a transaction on Monday, January 5th. The stock was bought at an average cost of GBX 1 per share, with a total value of £36,666.69. Also, insider Jonathan Roe acquired 1,416,666 shares of the stock in a transaction dated Friday, December 19th. The shares were acquired at an average cost of GBX 1 per share, with a total value of £14,166.66. Insiders purchased 5,815,885 shares of company stock worth $5,815,885 in the last three months. 32.72% of the stock is currently owned by corporate insiders.

About Amigo

Amigo Holdings PLC, through its subsidiaries, provides loans to individuals in the United Kingdom and Ireland. The company also engages in trading and financing activities. Amigo Holdings PLC was founded in 2005 and is based in Bournemouth, the United Kingdom.