Fintel (LON:FNTL) Stock Price Down 2.4% – Here’s Why

Fintel Plc (LON:FNTL)’s share price dropped 2.4% on Friday . The company traded as low as GBX 290 ($3.66) and last traded at GBX 290 ($3.66). Approximately 45,380 shares traded hands during trading, a decline of 78% from the average daily volume of 210,875 shares. The stock had previously closed at GBX 297 ($3.75).

Fintel Stock Down 2.4 %

The company has a market capitalization of £302.15 million, a P/E ratio of 4,833.33 and a beta of 1.17. The company has a debt-to-equity ratio of 17.69, a current ratio of 0.75 and a quick ratio of 0.85. The company has a 50 day moving average of GBX 279.89 and a 200-day moving average of GBX 294.84.

Fintel Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, September 26th were given a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date was Thursday, September 26th. This represents a yield of 0.38%. Fintel’s payout ratio is 6,666.67%.

Fintel Company Profile

Fintel Plc engages in the provision of intermediary services and distribution channels to the retail financial services sector in the United Kingdom. It operates through three segments: Intermediary Services, Distribution Channels, and Fintech and Research. The Intermediary Services segment provides compliance and regulation services to individual financial intermediary member firms, including directly authorized IFAs, mortgage advisers, and wealth managers, as well as workplace consultants.