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eToro Group (NASDAQ:ETOR) Sets New 52-Week Low - Time to Sell?

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eToro Group Ltd. (NASDAQ:ETOR - Get Free Report) reached a new 52-week low during trading on Thursday . The company traded as low as $52.88 and last traded at $57.01, with a volume of 1348207 shares. The stock had previously closed at $53.86.

Analyst Ratings Changes

A number of equities research analysts have recently commented on ETOR shares. Citizens Jmp started coverage on eToro Group in a research note on Monday, June 9th. They set an "outperform" rating and a $85.00 target price on the stock. Mizuho began coverage on eToro Group in a report on Monday, June 9th. They issued an "outperform" rating and a $80.00 price objective for the company. Needham & Company LLC began coverage on eToro Group in a report on Monday, June 9th. They issued a "buy" rating and a $80.00 price objective for the company. Deutsche Bank Aktiengesellschaft began coverage on eToro Group in a report on Monday, June 9th. They issued a "hold" rating and a $70.00 price objective for the company. Finally, Redburn Atlantic began coverage on eToro Group in a report on Monday, June 9th. They issued a "neutral" rating and a $68.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, eToro Group currently has an average rating of "Moderate Buy" and an average target price of $75.88.

Read Our Latest Analysis on ETOR

eToro Group Stock Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.76 and a current ratio of 3.76.

eToro Group (NASDAQ:ETOR - Get Free Report) last released its earnings results on Tuesday, June 10th. The company reported $0.69 earnings per share for the quarter. The firm had revenue of $3.76 billion during the quarter.

About eToro Group

(Get Free Report)

Our mission is to open the global markets, connect our users to leading investors and give them the tools they need to grow their knowledge and wealth. The global financial markets are widely recognized as one of the greatest paths to wealth creation, although they have historically been opaque and inaccessible to many.

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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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