Orchard Funding Group (LON:ORCH) Issues Quarterly Earnings Results

Orchard Funding Group (LON:ORCH) posted its quarterly earnings results on Thursday. The company reported GBX 15.36 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of GBX 1,086 million during the quarter. Orchard Funding Group had a net margin of 29.21% and a return on equity of 14.61%.

Orchard Funding Group Price Performance

LON:ORCH traded up GBX 3.60 on Thursday, reaching GBX 60.78. 122,433 shares of the company’s stock traded hands, compared to its average volume of 45,518. The stock has a 50-day simple moving average of GBX 56.23 and a 200-day simple moving average of GBX 58.05. Orchard Funding Group has a 12 month low of GBX 50 and a 12 month high of GBX 68. The firm has a market cap of £12.98 million, a PE ratio of 4.23 and a beta of -0.13. The company has a quick ratio of 1.86, a current ratio of 2.94 and a debt-to-equity ratio of 152.53.

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.