Alpha FX Group (LON:AFX) Earns “Buy” Rating from Liberum Capital
Liberum Capital reissued their buy rating on shares of Alpha FX Group (LON:AFX) in a research note issued to investors on Wednesday morning, ThisIsMoney.Co.Uk reports.
Shares of Alpha FX Group stock traded up GBX 105 ($1.38) during trading on Wednesday, reaching GBX 1,020 ($13.42). The company’s stock had a trading volume of 59,922 shares, compared to its average volume of 17,221. The company has a 50-day moving average price of GBX 1,165.10 and a two-hundred day moving average price of GBX 1,060.88. The firm has a market cap of $378.67 million and a PE ratio of 39.38. Alpha FX Group has a fifty-two week low of GBX 630.13 ($8.29) and a fifty-two week high of GBX 1,370 ($18.02). The company has a current ratio of 2.09, a quick ratio of 2.00 and a debt-to-equity ratio of 15.55.
The firm also recently announced a dividend, which will be paid on Wednesday, May 13th. Stockholders of record on Thursday, April 9th will be issued a GBX 5.40 ($0.07) dividend. This represents a dividend yield of 0.65%. This is a boost from Alpha FX Group’s previous dividend of $2.20. The ex-dividend date is Thursday, April 9th. Alpha FX Group’s payout ratio is presently 0.15%.
Alpha FX Group plc provides foreign exchange services in the United Kingdom and internationally. Its activities comprise initial design and implementation of hedging strategies, as well as ongoing management and monitoring of currency risks. The company sells forward currency contracts, foreign exchange spot transactions, and option contracts.
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