London Stock Exchange Group (OTCMKTS:LNSTY) Shares Gap Down - Here's Why

Key Points

• London Stock Exchange Group's shares gapped down from a previous close of $33.83 to an opening of $32.86, eventually trading at $32.75.
• BNP Paribas upgraded the company's rating from "hold" to "strong-buy" on August 1st, signaling positive growth expectations.
• The firm announced a dividend of $0.124 per share, payable on October 2nd, with a yield of 107.0% based on the current stock price.

London Stock Exchange Group plc - Unsponsored ADR (OTCMKTS:LNSTY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $33.83, but opened at $32.86. London Stock Exchange Group shares last traded at $32.75, with a volume of 44,388 shares.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas raised London Stock Exchange Group from a "hold" rating to a "strong-buy" rating in a report on Friday, August 1st.

London Stock Exchange Group Trading Down 4.6%

The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The firm's 50-day simple moving average is $36.20 and its two-hundred day simple moving average is $37.02.

London Stock Exchange Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, October 2nd. Investors of record on Monday, August 18th will be issued a dividend of $0.124 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 107.0%.

London Stock Exchange Group Company Profile

London Stock Exchange Group plc operates as a financial markets infrastructure and data provider primarily in the United Kingdom and internationally. The company operates in three segments: Data & Analytics, Capital Markets, and Post Trade. It operates a range of international equity, fixed income, exchange-traded funds/exchange-traded products, and foreign exchange markets through the London Stock Exchange, AIM, Turquoise, FXall, Matching, and Tradeweb.

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