Partners Group (OTCMKTS:PGPHF) Shares Gap Down - Here's What Happened

Key Points

• Shares of Partners Group gapped down ahead of trading, opening at $1,001 versus the prior close of $1,050.49, and last traded around $1,048.60 on very light volume (45 shares).
• Citigroup reiterated a "Buy" rating on Jan. 15, and MarketBeat shows the stock's average analyst rating as Buy (based on one analyst).
• Partners Group has a market cap of $27.20 billion and a P/E of 89.62, while its 50-day and 200-day moving averages (~$1,243 and ~$1,252) are notably above the recent price.

Shares of Partners Group Holding AG (OTCMKTS:PGPHF - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $1,050.49, but opened at $1,001.00. Partners Group shares last traded at $1,048.5972, with a volume of 45 shares traded.

Analyst Ratings Changes

Separately, Citigroup reiterated a "buy" rating on shares of Partners Group in a research report on Thursday, January 15th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy".

Partners Group Stock Performance

The firm has a market cap of $27.20 billion and a PE ratio of 89.62. The company's 50-day simple moving average is $1,242.97 and its two-hundred day simple moving average is $1,252.32.

About Partners Group

Partners Group Holding AG OTCMKTS: PGPHF is a global private markets investment manager that specializes in private equity, private debt, private real estate and private infrastructure. The firm develops tailored investment solutions for institutional investors, sovereign wealth funds, family offices and high-net-worth individuals. Its services include direct investments, primary fund commitments and secondary market transactions, as well as customized portfolio and advisory offerings.

Founded in 1996 and headquartered in Baar, Switzerland, Partners Group completed its initial public offering on the SIX Swiss Exchange in 2006.

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