Cornerstone FS (LON:CSFS) Trading 9.4% Higher – Here’s Why

Cornerstone FS plc (LON:CSFS) traded up 9.4% during trading on Tuesday . The stock traded as high as GBX 41 ($0.53) and last traded at GBX 40.46 ($0.52). 558,725 shares changed hands during mid-day trading, an increase of 51% from the average session volume of 369,528 shares. The stock had previously closed at GBX 37 ($0.48).

Cornerstone FS Stock Up 9.4 %

The company has a market cap of £23.23 million, a price-to-earnings ratio of -1,011.50 and a beta of 1.71. The business has a 50-day simple moving average of GBX 40.46 and a two-hundred day simple moving average of GBX 38.62. The company has a quick ratio of 0.28, a current ratio of 1.24 and a debt-to-equity ratio of 548.48.

About Cornerstone FS

Cornerstone FS plc provides international payment, currency risk management, and electronic account services using its proprietary cloud-based multicurrency payments platform. The company offers foreign currency exchange and payment services to individuals and businesses. It also offers various lending options, such as import and export, invoice, bridging, asset, property, equity, grant funding, as well as unsecured lending services.