Augmentum Fintech (LON:AUGM) Stock Price Down 2.2% - Time to Sell?

Key Points

• Augmentum Fintech's stock price fell by 2.2%, trading at GBX 88.40 ($1.20), with a significant 57% decline in trading volume compared to the average.
• The firm reported a net margin of 956.37% and a return on equity of 62.05% in its latest earnings results.
• Augmentum Fintech focuses on investing in fast-growing fintech businesses, including notable companies like Tide and Zopa.

Shares of Augmentum Fintech (LON:AUGM - Get Free Report) were down 2.2% during trading on Thursday . The stock traded as low as GBX 88.40 ($1.20) and last traded at GBX 88.40 ($1.20). Approximately 163,374 shares changed hands during trading, a decline of 57% from the average daily volume of 381,522 shares. The stock had previously closed at GBX 90.40 ($1.22).

Augmentum Fintech Stock Performance

The firm has a market cap of £148.98 million and a P/E ratio of 0.84. The firm's fifty day moving average is GBX 95.39 and its 200 day moving average is GBX 91.22.

Augmentum Fintech (LON:AUGM - Get Free Report) last announced its earnings results on Tuesday, July 1st. The company reported GBX (2.40) (($0.03)) EPS for the quarter. Augmentum Fintech had a return on equity of 62.05% and a net margin of 956.37%.

Augmentum Fintech Company Profile

Augmentum invests in fast growing fintech businesses that are disrupting the financial services sector. Europe's leading publicly listed fintech fund, Augmentum launched on the main market of the London Stock Exchange in 2018, giving businesses access to patient capital and support, unrestricted by conventional fund timelines and giving public markets investors access to a largely privately held investment sector during its main period of growth. Their portfolio of fintech companies includes Tide, Zopa, iwoca and RetailBook.

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