Amigo (LON:AMGO) Trading 6.7% Higher – Here’s Why

Amigo Holdings PLC (LON:AMGO) rose 6.7% on Wednesday . The stock traded as high as GBX 2.25 and last traded at GBX 2. Approximately 3,480,394 shares traded hands during mid-day trading, a decline of 48% from the average daily volume of 6,710,348 shares. The stock had previously closed at GBX 1.88.

Amigo Stock Performance

The firm’s 50-day simple moving average is GBX 1.11 and its 200 day simple moving average is GBX 0.61. The company has a market cap of £21.83 million, a P/E ratio of -0.13, a PEG ratio of 0.90 and a beta of 1.92.

Amigo (LON:AMGO) last posted its quarterly earnings results on Monday, December 15th. The company reported GBX (0.33) earnings per share (EPS) for the quarter. Amigo had a positive return on equity of 6.73% and a negative net margin of 438.10%. As a group, research analysts forecast that Amigo Holdings PLC will post 0.4268293 earnings per share for the current year.

Insider Activity

In related news, insider Nicholas Beal bought 3,666,669 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was bought at an average cost of GBX 1 per share, for a total transaction of £36,666.69. Also, insider Jonathan Roe purchased 1,416,666 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was purchased at an average price of GBX 1 per share, for a total transaction of £14,166.66. Insiders have bought a total of 5,815,885 shares of company stock valued at $5,815,885 over the last 90 days. Corporate insiders own 32.72% of the company’s stock.

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.