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Plus500 (LON:PLUS) Stock Price Passes Above 50 Day Moving Average - Should You Sell?

Plus500 logo with Financial Services background

Plus500 Ltd. (LON:PLUS - Get Free Report)'s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 3,322.34 ($45.37) and traded as high as GBX 3,392 ($46.32). Plus500 shares last traded at GBX 3,230 ($44.11), with a volume of 209,846 shares.

Analysts Set New Price Targets

Separately, Canaccord Genuity Group lifted their price objective on shares of Plus500 from GBX 2,650 ($36.19) to GBX 2,764 ($37.74) and gave the company a "hold" rating in a research report on Wednesday, April 30th.

Get Our Latest Analysis on Plus500

Plus500 Stock Down 1.1%

The stock has a market capitalization of £3.02 billion, a PE ratio of 12.12, a PEG ratio of 0.24 and a beta of 0.20. The firm's fifty day moving average is GBX 3,335.35 and its 200-day moving average is GBX 2,970.14.

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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