Orchard Funding Group (LON:ORCH) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Shares of Orchard Funding Group plc (LON:ORCH) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 59.55 and traded as low as GBX 59. Orchard Funding Group shares last traded at GBX 59, with a volume of 2,692 shares trading hands.

Orchard Funding Group Stock Performance

The stock’s 50-day moving average price is GBX 59.55 and its 200-day moving average price is GBX 59.39. The company has a current ratio of 1.50, a quick ratio of 1.86 and a debt-to-equity ratio of 212.80. The company has a market capitalization of £12.60 million, a P/E ratio of 4.11 and a beta of -0.13.

Orchard Funding Group Company Profile

Orchard Funding Group plc, through its subsidiaries, provides insurance premium finance, professional fee funding, finance, and secured property lending services in the United Kingdom. It operates in two segments, Standard Lending and Toyota Products. The company offers credit to businesses and consumers for spreading the cost of their insurance premiums; and professional customized fee funding solutions to accounting firms, professionals, and small businesses to provide extended credit to their business clients.