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Plus500 (LON:PLUS) Shares Pass Above 50-Day Moving Average - Should You Sell?

Plus500 logo with Financial Services background

Shares of Plus500 Ltd. (LON:PLUS - Get Free Report) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 3,281.57 ($44.67) and traded as high as GBX 3,420 ($46.56). Plus500 shares last traded at GBX 3,372 ($45.90), with a volume of 181,279 shares.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group raised their price objective on Plus500 from GBX 2,650 ($36.07) to GBX 2,764 ($37.63) and gave the stock a "hold" rating in a report on Wednesday, April 30th.

Get Our Latest Stock Report on Plus500

Plus500 Stock Performance

The firm has a fifty day simple moving average of GBX 3,281.57 and a 200 day simple moving average of GBX 2,929.27. The company has a market capitalization of £3.12 billion, a PE ratio of 12.51, a P/E/G ratio of 0.24 and a beta of 0.20.

Plus500 Company Profile

(Get Free Report)

Plus500 Ltd., a fintech company, operates technology-based trading platforms in Europe, the United Kingdom, Australia, and internationally. The company develops and operates an online trading platform, including over the counter (OTC) products comprising the contracts for difference (CFDs) sector enabling its international customer base of individual customers to trade CFDs on underlying financial instruments comprising shares, indices, commodities, options, ETFs, foreign exchange, and cryptocurrencies internationally.

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