Orchard Funding Group (LON:ORCH) Reaches New 52-Week High – Here’s What Happened

Orchard Funding Group plc (LON:ORCH)’s share price hit a new 52-week high during mid-day trading on Tuesday. The stock traded as high as GBX 69 and last traded at GBX 69, with a volume of 74,498 shares changing hands. The stock had previously closed at GBX 66.

Orchard Funding Group Stock Performance

The firm has a market capitalization of £15.19 million, a price-to-earnings ratio of 4.95 and a beta of -0.13. The company has a current ratio of 3.13, a quick ratio of 1.86 and a debt-to-equity ratio of 135.25. The stock’s 50-day moving average is GBX 62.41 and its 200-day moving average is GBX 59.81.

Orchard Funding Group (LON:ORCH) last issued its earnings results on Tuesday, October 13th. The company reported GBX 8.86 earnings per share for the quarter. Orchard Funding Group had a net margin of 35.27% and a return on equity of 15.18%. On average, analysts predict that Orchard Funding Group plc will post 6.58 EPS for the current fiscal year.

About Orchard Funding Group

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.