Price Change to Note: Virtu Financial Inc Just Recorded A Sigfniciant Decline

Price Change to Note: Virtu Financial Inc Just Recorded A Sigfniciant Decline

The stock of Virtu Financial Inc (NASDAQ:VIRT) is a huge mover today! About 344,988 shares traded hands or 5.92% up from the average. Virtu Financial Inc (NASDAQ:VIRT) has declined 37.44% since April 6, 2016 and is downtrending. It has underperformed by 39.40% the S&P500.
The move comes after 7 months negative chart setup for the $1.84 billion company. It was reported on Nov, 8 by Barchart.com. We have $12.24 PT which if reached, will make NASDAQ:VIRT worth $110.40 million less.

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. UBS maintained it with “Buy” rating and $20 target price in Thursday, August 4 report. As per Monday, January 11, the company rating was upgraded by Goldman Sachs. UBS maintained the shares of VIRT in a report on Thursday, August 6 with “Buy” rating. Goldman Sachs maintained the stock with “Buy” rating in Tuesday, April 5 report. The rating was maintained by UBS on Friday, May 27 with “Buy”. UBS maintained the shares of VIRT in a report on Tuesday, October 13 with “Buy” rating. The firm has “Hold” rating given on Friday, August 21 by Zacks. Zacks upgraded the stock to “Sell” rating in Saturday, August 8 report.

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: Investorplace.com which released: “Virtu Financial Inc (VIRT) Shares Soar on Earnings Beat” on November 04, 2016. Also Globenewswire.com published the news titled: “Virtu Financial, Inc. Appoints Christopher C. Quick and Michael T. Viola to …” on April 11, 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Tags: , ,

Related posts

Leave a Comment