Market Runner: After Achieving 1 Year Low, Is Virtu Financial Inc’s Near-Term Analysis Negative?

Market Runner: After Achieving 1 Year Low, Is Virtu Financial Inc's Near Term Analysis Negative?

The stock of Virtu Financial Inc (NASDAQ:VIRT) hit a new 52-week low and has $11.59 target or 8.00% below today’s $12.60 share price. The 8 months bearish chart indicates high risk for the $1.72 billion company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $11.59 price target is reached, the company will be worth $137.60 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock closed at $12.6 during the last session. It is down 43.01% since March 31, 2016 and is downtrending. It has underperformed by 45.54% the S&P500.

Virtu Financial Inc (NASDAQ:VIRT) Ratings Coverage

Out of 3 analysts covering Virtu Financial (NASDAQ:VIRT), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Virtu Financial has been the topic of 10 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by UBS on Thursday, August 4. The stock of Virtu Financial Inc (NASDAQ:VIRT) earned “Hold” rating by Zacks on Friday, August 21. The stock has “Buy” rating given by UBS on Friday, May 27. The stock has “Sell” rating given by Zacks on Saturday, August 8. The stock has “Buy” rating given by Goldman Sachs on Monday, January 11. UBS maintained the stock with “Buy” rating in Thursday, August 6 report. On Tuesday, April 5 the stock rating was maintained by Goldman Sachs with “Buy”. The stock of Virtu Financial Inc (NASDAQ:VIRT) earned “Buy” rating by UBS on Tuesday, October 13.

According to Zacks Investment Research, “Virtu Financial, Inc. is a financial holding company. The company offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools. Virtu Financial, Inc. is headquartered in New York.”

More important recent Virtu Financial Inc (NASDAQ:VIRT) news were published by: Reuters.com which released: “BRIEF-Virtu Financial’s subsidiary entered into a third amended and restat…” on October 28, 2016, also Globenewswire.com published article titled: “Virtu Financial, Inc. Appoints Christopher C. Quick and Michael T. Viola to …”, Moodys.com published: “Moody’s assigns first-time Ba3 rating to Virtu Financial with a positive outlook” on October 04, 2016. More interesting news about Virtu Financial Inc (NASDAQ:VIRT) was released by: Globenewswire.com and their article: “Virtu Financial Enters into a Strategic Minority Investment with SBI Japannext” with publication date: July 05, 2016.

VIRT Company Profile

Virtu Financial, Inc., incorporated on October 17, 2013, is a holding company. The Firm is a technology-enabled market maker and liquidity well-known provider to the financial markets across the world. The Firm is engaged in buying or selling a range of securities and other financial instruments, and earning small bid/ask spreads across various transactions. The Firm has developed a single, multi-asset, multi-currency technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on various exchanges, markets and liquidity pools in various countries around the world. The Firm makes markets by providing quotations to buyers and sellers in approximately 12,000 securities and other financial instruments on over 230 exchanges, markets and liquidity pools in approximately 30 countries around the world.

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