3i Group (OTCMKTS:TGOPY) Shares Gap Down - Time to Sell?

Key Points

• 3i Group plc's stock gapped down from $14.92 to $14.49 before opening, closing later at $14.76 with a trading volume of 16,452 shares.
• Analysts have upgraded the stock with UBS Group raising it from a "hold" to a "buy" rating, contributing to a consensus rating of "Moderate Buy."
• The company's 50-day simple moving average is $15.70, significantly lower than its 200-day average of $23.48.

3i Group plc - Unsponsored ADR (OTCMKTS:TGOPY - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $14.92, but opened at $14.49. 3i Group shares last traded at $14.76, with a volume of 16,452 shares.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TGOPY. UBS Group raised 3i Group from a "hold" rating to a "buy" rating in a research report on Thursday, October 2nd. Kepler Capital Markets raised 3i Group to a "hold" rating in a research report on Tuesday, July 8th. Finally, Sanford C. Bernstein began coverage on 3i Group in a research report on Thursday, September 18th. They issued an "outperform" rating on the stock. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

3i Group Price Performance

The company's 50 day simple moving average is $15.70 and its 200 day simple moving average is $23.48.

About 3i Group

3i Group plc is a private equity firm specializing in mature companies, growth capital, middle markets, infrastructure, and management leveraged buyouts and buy-ins. The firm also provides infrastructure financing and debt management. For debt management, it invests in senior and mezzanine corporate debt in typically large and private companies in United Kingdom, Europe, Asia, and North America.

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