Funding Circle (LON:FCH) Shares Down 8.7% – Time to Sell?

Funding Circle Holdings plc (LON:FCH) shares dropped 8.7% during mid-day trading on Tuesday . The company traded as low as GBX 200.50 and last traded at GBX 210. Approximately 15,488,556 shares changed hands during mid-day trading, an increase of 723% from the average daily volume of 1,881,536 shares. The stock had previously closed at GBX 230.

Analysts Set New Price Targets

A number of brokerages have commented on FCH. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 290 target price on shares of Funding Circle in a report on Wednesday. Canaccord Genuity Group upped their price target on Funding Circle from GBX 300 to GBX 308 and gave the stock a “buy” rating in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of GBX 299.

Funding Circle Trading Up 1.1%

The stock has a market cap of £564.33 million, a P/E ratio of 14.24 and a beta of 0.76. The company has a current ratio of 1.87, a quick ratio of 3.33 and a debt-to-equity ratio of 105.33. The company has a 50-day moving average price of GBX 215.68 and a two-hundred day moving average price of GBX 167.64.

Funding Circle (LON:FCH) last issued its quarterly earnings results on Tuesday, September 8th. The company reported GBX 7.60 EPS for the quarter. Funding Circle had a net margin of 22.93% and a return on equity of 26.71%. On average, research analysts expect that Funding Circle Holdings plc will post 0.0797592 EPS for the current fiscal year.

About Funding Circle