Amigo (LON:AMGO) Trading 18% Higher – Here’s Why

Amigo Holdings PLC (LON:AMGO) shot up 18% during trading on Tuesday . The stock traded as high as GBX 3 and last traded at GBX 2.95. 783,105 shares changed hands during trading, a decline of 85% from the average session volume of 5,258,629 shares. The stock had previously closed at GBX 2.50.

Amigo Stock Performance

The firm has a market cap of £25.56 million, a price-to-earnings ratio of -0.13, a price-to-earnings-growth ratio of 0.90 and a beta of 2.01. The stock has a 50-day moving average of GBX 1.82 and a two-hundred day moving average of GBX 0.90.

Amigo (LON:AMGO) last posted its quarterly earnings data on Monday, December 15th. The company reported GBX (0.33) earnings per share (EPS) for the quarter. Amigo had a negative return on equity of 450.00% and a net margin of 17.65%. Sell-side analysts expect that Amigo Holdings PLC will post 0.4268293 EPS for the current fiscal year.

Insider Activity at Amigo

In other news, insider Jonathan Roe purchased 1,416,666 shares of the business’s stock in a transaction dated Friday, December 19th. The shares were acquired at an average price of GBX 1 per share, for a total transaction of £14,166.66. Also, insider Nicholas Beal purchased 3,666,669 shares of the business’s stock in a transaction dated Monday, January 5th. The shares were purchased at an average price of GBX 1 per share, for a total transaction of £36,666.69. Over the last three months, insiders bought 5,815,885 shares of company stock worth $5,815,885. 32.72% of the stock is currently owned by insiders.

About Amigo

Amigo Holdings PLC, through its subsidiaries, provides loans to individuals in the United Kingdom and Ireland. The company also engages in trading and financing activities. Amigo Holdings PLC was founded in 2005 and is based in Bournemouth, the United Kingdom.