Augmentum Fintech (LON:AUGM) Trading Down 1.6% - Here's Why

Key Points

• Augmentum Fintech's stock price decreased by 1.6%, closing at GBX 83.80 ($1.13) after trading 363,345 shares, a decline from its average daily volume.
• The company, which launched in 2018, focuses on investing in fast-growing fintech businesses, providing patient capital to disrupt the financial services sector.
• Augmentum's market capitalization stands at £140.18 million, with a notably high PE ratio of -920.88.

Augmentum Fintech (LON:AUGM - )'s stock price dropped 1.6% on Friday . The stock traded as low as GBX 83.80 ($1.13) and last traded at GBX 83.80 ($1.13). Approximately 363,345 shares were traded during trading, a decline of 9% from the average daily volume of 401,219 shares. The stock had previously closed at GBX 85.20 ($1.14).

Augmentum Fintech Stock Performance

The stock's 50-day moving average is GBX 87.32 and its 200 day moving average is GBX 89.81. The stock has a market capitalization of £140.18 million and a PE ratio of -920.88.

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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