Virtu Financial (NYSE:VIRT) Downgraded by Wall Street Zen to Hold

Key Points

• Analysts at Wall Street Zen downgraded Virtu Financial from a "buy" rating to a "hold" in a recent report.
• Virtu Financial reported $1.27 earnings per share, slightly missing analysts' expectations of $1.28, despite exceeding revenue estimates with $567.72 million for the quarter.
• The stock currently has a market cap of $6.40 billion and a P/E ratio of 9.51, indicating a potentially undervalued status compared to its earnings.

Virtu Financial (NYSE:VIRT - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday.

Virtu Financial Trading Down 0.4%

Shares of NYSE:VIRT traded down $0.15 during trading on Friday, hitting $41.20. 184,624 shares of the company were exchanged, compared to its average volume of 938,362. Virtu Financial has a 52-week low of $29.82 and a 52-week high of $45.77. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $6.30 billion, a P/E ratio of 9.36, a P/E/G ratio of 0.59 and a beta of 0.69.

Virtu Financial (NYSE:VIRT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.28 by ($0.01). Virtu Financial had a net margin of 11.98% and a return on equity of 37.56%. The company had revenue of $567.72 million during the quarter, compared to analysts' expectations of $519.17 million.

About Virtu Financial

Virtu Financial, Inc, a financial services company, provides data, analytics, and connectivity products to clients worldwide. The company operates in two segments, Market Making and Execution Services. Its product suite includes offerings in execution, liquidity sourcing, analytics and broker-neutral, and multi-dealer platforms in workflow technology.