Cavendish Financial plc (LON:CAV – Get Free Report) shot up 7.7% on Friday after an insider bought additional shares in the company. The stock traded as high as GBX 6.70 and last traded at GBX 6.68. 9,466,877 shares traded hands during mid-day trading, an increase of 1,394% from the average session volume of 633,721 shares. The stock had previously closed at GBX 6.20.
Specifically, insider Lisa Gordon bought 813,008 shares of the stock in a transaction dated Wednesday, November 11th. The stock was bought at an average cost of GBX 6 per share, for a total transaction of £48,780.48. Also, insider Ben Procter bought 206,440 shares of the firm’s stock in a transaction on Wednesday, November 11th. The stock was purchased at an average price of GBX 6 per share, with a total value of £12,386.40. In related news, insider Julian Morse acquired 1,000,000 shares of the company’s stock in a transaction on Wednesday, November 11th. The shares were purchased at an average price of GBX 6 per share, for a total transaction of £60,000.
Cavendish Financial Price Performance
The firm has a market cap of £22.42 million, a price-to-earnings ratio of 44.51 and a beta of 1.09. The firm has a 50 day moving average price of GBX 7.81 and a 200-day moving average price of GBX 9.03.
Cavendish Financial (LON:CAV – Get Free Report) last posted its quarterly earnings results on Wednesday, November 11th. The company reported GBX 0.20 earnings per share for the quarter. The business had revenue of GBX 2,295 million for the quarter. Cavendish Financial had a return on equity of 1.45% and a net margin of 1.00%. On average, sell-side analysts expect that Cavendish Financial plc will post 1.05 EPS for the current fiscal year.
About Cavendish Financial
Cavendish is a UK champion for ambitious growth and investment companies. The Group is trusted by public and private companies, operating across industry sectors, to deliver expert services in equity capital markets, M&A, debt advisory and growth capital. Cavendish has offices in London and Edinburgh and has a global reach through its membership of Oaklins. For more information on Cavendish, please visit www.cavendish.com
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