Vanquis Banking Group (LON:VANQ) Stock Price Up 3.6% – Still a Buy?

Vanquis Banking Group plc (LON:VANQ) rose 3.6% during mid-day trading on Thursday . The company traded as high as GBX 45.10 ($0.57) and last traded at GBX 45.10 ($0.57). Approximately 617,783 shares traded hands during trading, a decline of 51% from the average daily volume of 1,248,982 shares. The stock had previously closed at GBX 43.55 ($0.55).

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “house stock” rating on shares of Vanquis Banking Group in a report on Thursday, November 7th.

Vanquis Banking Group Price Performance

The stock’s 50-day moving average price is GBX 50.40 and its 200 day moving average price is GBX 53.07. The firm has a market cap of £115.67 million, a P/E ratio of -451.00 and a beta of 1.45.

About Vanquis Banking Group

Vanquis Banking Group plc engages in the provision of personal credit products to the non-standard lending market in the United Kingdom and the Republic of Ireland. The company offers credit cards products, and unsecured personal loans products, as well as provides vehicle finance for cars, motorbikes, van, and light commercial vehicles.