Alpha FX Group (LON:AFX) Trading 2% Higher

Alpha FX Group PLC (LON:AFX)’s share price traded up 2% during trading on Wednesday . The company traded as high as GBX 769.50 ($10.05) and last traded at GBX 750 ($9.80), 4,501 shares traded hands during mid-day trading. A decline of 74% from the average session volume of 17,221 shares. The stock had previously closed at GBX 735 ($9.60).

Separately, Liberum Capital boosted their price target on shares of Alpha FX Group from GBX 785 ($10.26) to GBX 810 ($10.58) and gave the company a “buy” rating in a report on Wednesday, September 4th.

The company has a market cap of $278.43 million and a price-to-earnings ratio of 28.96. The company has a debt-to-equity ratio of 15.55, a current ratio of 2.09 and a quick ratio of 2.00. The firm’s fifty day moving average price is GBX 704.29 and its 200-day moving average price is GBX 743.10.

The company also recently declared a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 12th will be issued a dividend of GBX 2.20 ($0.03) per share. This represents a dividend yield of 0.3%. The ex-dividend date of this dividend is Thursday, September 12th. Alpha FX Group’s dividend payout ratio (DPR) is 0.15%.

Alpha FX Group Company Profile (LON:AFX)

Alpha FX Group plc provides foreign exchange services in the United Kingdom and internationally. Its activities comprise initial design and implementation of hedging strategies, as well as ongoing management and monitoring of currency risks. The company sells forward currency contracts, foreign exchange spot transactions, and option contracts.

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