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Lion Finance Group (LON:BGEO) Share Price Crosses Above 200 Day Moving Average - Here's Why

Lion Finance Group logo with Financial Services background

Key Points

  • Lion Finance Group PLC's stock price has crossed above its 200-day moving average, indicating potential upward momentum in trading.
  • The company reported an impressive net margin of 73.73% and a high return on equity of 38.89% in its latest earnings release.
  • Insider transactions indicate confidence in the company, with employees acquiring shares averaging around 7,500.00 per share.
  • MarketBeat previews top five stocks to own in October.

Lion Finance Group PLC (LON:BGEO - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of 6,494.06 and traded as high as 7,720.00. Lion Finance Group shares last traded at 7,640.00, with a volume of 61,788 shares trading hands.

Lion Finance Group Trading Up 0.5%

The firm has a market capitalization of $336.43 billion, a P/E ratio of 165.60, a price-to-earnings-growth ratio of 0.88 and a beta of 1.05. The business's 50 day simple moving average is 7,443.57 and its two-hundred day simple moving average is 6,494.06.

Lion Finance Group (LON:BGEO - Get Free Report) last released its quarterly earnings data on Wednesday, August 20th. The company reported 317.91 earnings per share for the quarter. Lion Finance Group had a net margin of 73.73% and a return on equity of 38.89%. Analysts predict that Lion Finance Group PLC will post 1221.6828479 EPS for the current fiscal year.

Insider Transactions at Lion Finance Group

In other news, insider Karine Hirn acquired 1,350 shares of Lion Finance Group stock in a transaction on Thursday, August 21st. The stock was acquired at an average cost of 7,500.00 per share, for a total transaction of 10,125,000.00. Also, insider Andrew McIntyre acquired 297 shares of Lion Finance Group stock in a transaction on Friday, August 22nd. The shares were purchased at an average price of 7,515.00 per share, with a total value of 2,231,955.00. 8.57% of the stock is currently owned by company insiders.

About Lion Finance Group

(Get Free Report)

Lion Finance Group PLC (formerly Bank of Georgia Group PLC) is a FTSE 250 holding company whose main subsidiaries provide banking and financial services focused in the high-growth Georgian and Armenian markets through leading, customer-centric, universal banks – Bank of Georgia in Georgia and Ameriabank in Armenia.

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