Franchise Brands (LON:FRAN) Stock Price Up 0.7% – Here’s Why

Shares of Franchise Brands plc (LON:FRAN) traded up 0.7% during trading on Friday . The company traded as high as GBX 137.79 and last traded at GBX 137. 564,458 shares changed hands during mid-day trading, an increase of 0% from the average session volume of 564,225 shares. The stock had previously closed at GBX 136.

Franchise Brands Stock Performance

The firm’s 50-day moving average price is GBX 135.43 and its 200 day moving average price is GBX 135.32. The company has a market cap of £263.63 million, a price-to-earnings ratio of 34.08 and a beta of 0.82. The company has a debt-to-equity ratio of 42.67, a quick ratio of 1.57 and a current ratio of 1.39.

Insider Buying and Selling at Franchise Brands

In related news, insider Nigel Wray purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, October 15th. The shares were bought at an average price of GBX 120 per share, with a total value of £60,000. 31.78% of the stock is currently owned by company insiders.

Franchise Brands Company Profile

Franchise Brands is an international, multi-brand franchisor focused on B2B van-based service with seven franchise brands and a presence in 10 countries across the UK, North America and Europe. The Group is focused on building market-leading businesses primarily via a franchise model and has a combined network of over 600 franchisees.

The Company owns several market-leading brands with long trading histories, including Pirtek in Europe, Filta, Metro Rod and Metro Plumb, all of which benefit from the Group’s central support services, particularly technology, marketing, and finance.