Noteworthy Price Action: Today Virtu Financial Inc Stock Reaches 52 Week Low

Noteworthy Price Action: Today Virtu Financial Inc Stock Reaches 52 Week Low

The stock of Virtu Financial Inc (NASDAQ:VIRT) hit a new 52-week low and has $13.80 target or 7.00% below today’s $14.84 share price. The 6 months bearish chart indicates high risk for the $2.07B company. The 1-year low was reported on Oct, 3 by Barchart.com. If the $13.80 price target is reached, the company will be worth $144.90 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 35,507 shares traded hands. Virtu Financial Inc (NASDAQ:VIRT) has declined 32.90% since February 29, 2016 and is downtrending. It has underperformed by 45.12% the S&P500.

Analysts await Virtu Financial Inc (NASDAQ:VIRT) to report earnings on November, 2.

Virtu Financial Inc (NASDAQ:VIRT) Ratings Coverage

Out of 3 analysts covering Virtu Financial (NASDAQ:VIRT), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Virtu Financial has been the topic of 10 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Saturday, August 8 the stock rating was upgraded by Zacks to “Sell”. Goldman Sachs maintained Virtu Financial Inc (NASDAQ:VIRT) on Tuesday, April 5 with “Buy” rating. As per Thursday, August 6, the company rating was maintained by UBS. Goldman Sachs upgraded Virtu Financial Inc (NASDAQ:VIRT) on Monday, January 11 to “Buy” rating. The rating was maintained by UBS with “Buy” on Thursday, August 4. On Tuesday, October 13 the stock rating was maintained by UBS with “Buy”. Zacks downgraded Virtu Financial Inc (NASDAQ:VIRT) on Friday, August 21 to “Hold” rating. The stock of Virtu Financial Inc (NASDAQ:VIRT) earned “Buy” rating by UBS on Friday, May 27.

According to Zacks Investment Research, “Virtu Financial, Inc. is a financial holding company. The company offers a technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on exchanges, markets and liquidity pools. Virtu Financial, Inc. is headquartered in New York.”

More notable recent Virtu Financial Inc (NASDAQ:VIRT) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 06, 2015, also Globenewswire.com with their article: “Virtu Financial, Inc. Appoints Christopher C. Quick and Michael T. Viola to …” published on April 11, 2016, Wsj.com published: “French Regulator Considers Fining Virtu Financial for 2009 Trading” on November 04, 2015. More interesting news about Virtu Financial Inc (NASDAQ:VIRT) were released by: Wsj.com and their article: “Virtu Financial Starts Trading in China” published on August 05, 2015 as well as Barrons.com‘s news article titled: “How Hot IPO Virtu Financial Makes Money” with publication date: April 18, 2015.

VIRT Company Profile

Virtu Financial, Inc., incorporated on October 17, 2013, is a holding company. The Firm is a technology-enabled market maker and liquidity well-known provider to the financial markets across the world. The Firm is engaged in buying or selling a range of securities and other financial instruments, and earning small bid/ask spreads across various transactions. The Firm has developed a single, multi-asset, multi-currency technology platform through which it provides quotations to buyers and sellers in equities, commodities, currencies, options, fixed income and other securities on various exchanges, markets and liquidity pools in various countries around the world. The Firm makes markets by providing quotations to buyers and sellers in approximately 12,000 securities and other financial instruments on over 230 exchanges, markets and liquidity pools in approximately 30 countries around the world.

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