Zacks Research cut shares of Virtu Financial (NYSE:VIRT - Free Report) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.
Separately, Wall Street Zen downgraded Virtu Financial from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold".
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Virtu Financial Stock Up 0.7%
Shares of Virtu Financial stock traded up $0.23 during trading hours on Monday, reaching $35.44. 1,665,588 shares of the company's stock were exchanged, compared to its average volume of 1,112,140. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.40 and a quick ratio of 0.40. Virtu Financial has a 1 year low of $29.82 and a 1 year high of $45.77. The firm has a fifty day moving average price of $41.47. The stock has a market capitalization of $5.42 billion, a P/E ratio of 8.05, a P/E/G ratio of 0.48 and a beta of 0.69.
Virtu Financial (NYSE:VIRT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.28 by ($0.01). The business had revenue of $567.72 million for the quarter, compared to analyst estimates of $519.17 million. Virtu Financial had a return on equity of 37.56% and a net margin of 11.98%.
Virtu Financial Company Profile
(
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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.
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