Cavendish Financial (LON:CAV) Shares Down 4.1% – Here’s What Happened

Cavendish Financial plc (LON:CAVGet Free Report) shares dropped 4.1% during mid-day trading on Friday . The stock traded as low as GBX 10.55 ($0.14) and last traded at GBX 10.55 ($0.14). Approximately 1,132,452 shares traded hands during trading, an increase of 158% from the average daily volume of 438,331 shares. The stock had previously closed at GBX 11 ($0.15).

Cavendish Financial Stock Performance

The company has a market capitalization of £34.32 million, a price-to-earnings ratio of -9.28 and a beta of 1.23. The firm has a fifty day moving average price of GBX 8.67 and a 200-day moving average price of GBX 9.31.

Insider Activity at Cavendish Financial

In related news, insider Julian Morse sold 406,005 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of GBX 9 ($0.12), for a total transaction of £36,540.45 ($49,465.89). Also, insider Ben Procter sold 233,659 shares of the stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of GBX 7 ($0.09), for a total value of £16,356.13 ($22,141.78). 59.20% of the stock is currently owned by company insiders.

About Cavendish Financial

(Get Free Report)

Cavendish is a UK champion for ambitious growth and investment companies. The Group is trusted by public and private companies, operating across industry sectors, to deliver expert services in equity capital markets, M&A, debt advisory and growth capital.

Cavendish has offices in London and Edinburgh and has a global reach through its membership of Oaklins.

Further Reading

Receive News & Ratings for Cavendish Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cavendish Financial and related companies with MarketBeat.com's FREE daily email newsletter.