Orchard Funding Group (LON:ORCH) Hits New 1-Year High – What’s Next?

Shares of Orchard Funding Group plc (LON:ORCH) hit a new 52-week high during trading on Wednesday. The company traded as high as GBX 69 and last traded at GBX 66.56, with a volume of 55,045 shares trading hands. The stock had previously closed at GBX 67.50.

Orchard Funding Group Price Performance

The business’s 50-day moving average price is GBX 61.85 and its 200 day moving average price is GBX 59.68. The company has a quick ratio of 1.86, a current ratio of 3.13 and a debt-to-equity ratio of 135.25. The company has a market capitalization of £14.21 million, a P/E ratio of 4.63 and a beta of -0.13.

Orchard Funding Group (LON:ORCH) last posted its quarterly earnings data on Tuesday, October 13th. The company reported GBX 8.86 earnings per share (EPS) for the quarter. Orchard Funding Group had a net margin of 35.27% and a return on equity of 15.18%. Analysts anticipate 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.