Orchard Funding Group (LON:ORCH) Sets New 12-Month High – Time to Buy?

Orchard Funding Group plc (LON:ORCH)’s share price hit a new 52-week high on Monday . The stock traded as high as GBX 65 and last traded at GBX 64.40, with a volume of 34536 shares trading hands. The stock had previously closed at GBX 62.51.

Orchard Funding Group Trading Up 3.0%

The company has a debt-to-equity ratio of 145.04, a quick ratio of 1.86 and a current ratio of 3.10. The business has a fifty day simple moving average of GBX 59.40 and a 200 day simple moving average of GBX 58.54. The company has a market cap of £13.75 million, a P/E ratio of 4.48 and a beta of -0.13.

Orchard Funding Group (LON:ORCH) last announced its quarterly earnings data on Thursday, June 25th. The company reported GBX 15.36 earnings per share (EPS) for the quarter. Orchard Funding Group had a return on equity of 14.71% and a net margin of 31.38%.The firm had revenue of GBX 1,086 million for the quarter. Analysts anticipate that Orchard Funding Group plc will post 6.58 earnings per share 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.