Orchard Funding Group (LON:ORCH) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Orchard Funding Group plc (LON:ORCH) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 26.42 ($0.33) and traded as high as GBX 29.20 ($0.36). Orchard Funding Group shares last traded at GBX 28 ($0.35), with a volume of 5,225 shares changing hands.

Orchard Funding Group Price Performance

The stock has a market cap of £6.19 million, a P/E ratio of 414.29 and a beta of -0.13. The firm has a 50 day simple moving average of GBX 28.36 and a two-hundred day simple moving average of GBX 26.42. The company has a debt-to-equity ratio of 210.85, a quick ratio of 1.86 and a current ratio of 1.73.

Orchard Funding Group (LON:ORCH) last issued its quarterly earnings data on Tuesday, December 10th. The company reported GBX 7.39 ($0.09) earnings per share for the quarter. Orchard Funding Group had a net margin of 23.07% and a return on equity of 8.55%. Equities research analysts predict that Orchard Funding Group plc will post 6.58 earnings per share for the current year.

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.