The stock of Virtu Financial Inc (NASDAQ:VIRT) reached all time low today, Nov, 3 and still has $11.67 target or 7.00% below today’s $12.55 share price. This indicates more downside for the $1.74B company. This technical setup was reported by Barchart.com. If the $11.67 PT is reached, the company will be worth $121.80 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock decreased 0.40% or $0.05 during the last trading session, hitting $12.55. About 288,557 shares traded hands. Virtu Financial Inc (NASDAQ:VIRT) has declined 43.14% since April 1, 2016 and is downtrending. It has underperformed by 44.35% 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 rating was maintained by UBS on Thursday, August 6 with “Buy”. The firm has “Sell” rating by Zacks given on Saturday, August 8. As per Tuesday, October 13, the company rating was maintained by UBS. As per Friday, August 21, the company rating was downgraded by Zacks. The stock has “Buy” rating given by Goldman Sachs on Monday, January 11. Goldman Sachs maintained Virtu Financial Inc (NASDAQ:VIRT) on Tuesday, April 5 with “Buy” rating. The stock of Virtu Financial Inc (NASDAQ:VIRT) has “Buy” rating given on Friday, May 27 by UBS. The firm has “Buy” rating by UBS given on Thursday, August 4.
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 recent Virtu Financial Inc (NASDAQ:VIRT) news were published by: Globenewswire.com which released: “Virtu Financial, Inc. Appoints Christopher C. Quick and Michael T. Viola to …” on April 11, 2016. Also Reuters.com published the news titled: “BRIEF-Virtu Financial’s subsidiary entered into a third amended and restat…” on October 28, 2016. Moodys.com‘s news article titled: “Moody’s assigns first-time Ba3 rating to Virtu Financial with a positive outlook” with publication date: October 04, 2016 was also an interesting one.
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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