Fintel (LON:FNTL) Trading Up 9.6% – Here’s What Happened

Fintel Plc (LON:FNTL) shares traded up 9.6% during mid-day trading on Wednesday . The company traded as high as GBX 287 ($3.72) and last traded at GBX 285 ($3.70). 101,349 shares changed hands during trading, a decline of 55% from the average session volume of 227,740 shares. The stock had previously closed at GBX 260 ($3.37).

Fintel Stock Performance

The company has a debt-to-equity ratio of 17.69, a current ratio of 0.75 and a quick ratio of 0.85. The stock has a market cap of £296.94 million, a P/E ratio of 4,750.00 and a beta of 1.17. The firm’s 50-day moving average price is GBX 281.43 and its 200-day moving average price is GBX 296.07.

Fintel Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, September 26th will be issued a dividend of GBX 1.20 ($0.02) per share. The ex-dividend date is Thursday, September 26th. This represents a dividend yield of 0.38%. Fintel’s dividend payout ratio (DPR) is 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.