Fintel (LON:FNTL) Stock Price Down 2.4% – Here’s What Happened

Fintel Plc (LON:FNTL)’s share price traded down 2.4% on Thursday . The stock traded as low as GBX 277 ($3.49) and last traded at GBX 279 ($3.51). 29,984 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 217,852 shares. The stock had previously closed at GBX 286 ($3.60).

Fintel Stock Performance

The stock has a market capitalization of £294.86 million, a P/E ratio of 4,650.00 and a beta of 1.17. The company has a debt-to-equity ratio of 17.69, a quick ratio of 0.85 and a current ratio of 0.75. The company’s fifty day simple moving average is GBX 275.05 and its two-hundred day simple moving average is GBX 296.06.

Fintel Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, September 26th were issued a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date was Thursday, September 26th. This represents a dividend yield of 0.38%. Fintel’s dividend payout ratio is presently 6,666.67%.

About Fintel

Fintel Plc engages in the provision of intermediary services and distribution channels to the retail financial services sector in the United Kingdom. It operates through three segments: Intermediary Services, Distribution Channels, and Fintech and Research. The Intermediary Services segment provides compliance and regulation services to individual financial intermediary member firms, including directly authorized IFAs, mortgage advisers, and wealth managers, as well as workplace consultants.