Augmentum Fintech (LON:AUGM) Trading Down 1.1% - What's Next?

Key Points

• Augmentum Fintech's shares dropped 1.1% on Friday, trading between GBX 87.02 ($1.17) and GBX 88.60 ($1.19) with a significant decrease in trading volume of about 48% compared to the average.
• The company reported an Earnings Per Share (EPS) of GBX (2.40) in its latest quarterly results, with a remarkable net margin of 956.37% and return on equity of 62.05%.
• Augmentum Fintech, which invests in rapidly growing fintech businesses, has a market capitalization of £148.21 million and operates as Europe's leading publicly listed fintech fund.

Shares of Augmentum Fintech (LON:AUGM - Get Free Report) were down 1.1% during trading on Friday . The stock traded as low as GBX 87.02 ($1.17) and last traded at GBX 88.60 ($1.19). Approximately 207,818 shares were traded during trading, a decline of 48% from the average daily volume of 401,516 shares. The stock had previously closed at GBX 89.60 ($1.20).

Augmentum Fintech Trading Down 1.1%

The business's 50 day simple moving average is GBX 88.92 and its 200 day simple moving average is GBX 89.75. The firm has a market capitalization of £148.21 million and a PE ratio of -973.63.

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

About Augmentum Fintech

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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