The stock of Gain Capital Holdings Inc (NYSE:GCAP) hit a new 52-week low and has $4.95 target or 12.00% below today’s $5.62 share price. The 7 months bearish chart indicates high risk for the $266.52M company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $4.95 price target is reached, the company will be worth $31.98M 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 98,955 shares traded hands. Gain Capital Holdings Inc (NYSE:GCAP) has declined 19.09% since March 10, 2016 and is downtrending. It has underperformed by 26.61% the S&P500.
Analysts await Gain Capital Holdings Inc (NYSE:GCAP) to report earnings on November, 1. They expect $0.14 earnings per share, down 54.84% or $0.17 from last year’s $0.31 per share. GCAP’s profit will be $6.64 million for 10.04 P/E if the $0.14 EPS becomes a reality. After $0.27 actual earnings per share reported by Gain Capital Holdings Inc for the previous quarter, Wall Street now forecasts -48.15% negative EPS growth.
Gain Capital Holdings Inc (NYSE:GCAP) Ratings Coverage
Out of 2 analysts covering Gain Capital Holdings (NYSE:GCAP), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Gain Capital Holdings has been the topic of 2 analyst reports since August 7, 2015 according to StockzIntelligence Inc. Raymond James downgraded the stock to “Market Perform” rating in Wednesday, March 16 report.
According to Zacks Investment Research, “institutional foreign exchange, trading and related services providing direct access to the global OTC foreign exchange markets, where participants trade directly with one another. Its trading platforms provide information and analytical tools that allow customers to identify, analyze and execute their trading strategies. GAIN also offers retail customers located outside the United States access to other global markets on an OTC basis, including the spot gold and silver markets, as well as equity indices and commodities. Its forex trading activities are regulated in the US by the Commodity Futures Trading Commission and the National Futures Association, in the UK by the Financial Services Authority, in Japan by the Financial Services Agency, in Hong Kong by the Securities and Futures Commission and in Australia by the Australian Securities and Investments Commission. GAIN Capital Holdings, Inc is based in Bedminster, New Jersey.”
Insitutional Activity: The institutional sentiment increased to 2.3 in 2016 Q2. Its up 1.39, from 0.91 in 2016Q1. The ratio is positive, as 7 funds sold all Gain Capital Holdings Inc shares owned while 20 reduced positions. 18 funds bought stakes while 44 increased positions. They now own 24.14 million shares or 2.54% less from 24.77 million shares in 2016Q1.
Cornerstone Capital Holding Ltd Liability Co owns 153,411 shares or 0.01% of their US portfolio. Voya Invest Mgmt Ltd Liability Corp accumulated 0% or 21,957 shares. California Public Employees Retirement System reported 163,200 shares or 0% of all its holdings. Jpmorgan Chase holds 55,300 shares or 0% of its portfolio. National Bank & Trust Of America De owns 29,774 shares or 0% of their US portfolio. Blackrock Institutional Tru Na last reported 0% of its portfolio in the stock. The United Kingdom-based Gsa Prtnrs Ltd Liability Partnership has invested 0.01% in Gain Capital Holdings Inc (NYSE:GCAP). Financial Bank Of New York Mellon accumulated 248,449 shares or 0% of the stock. Diam Limited holds 77,413 shares or 0.01% of its portfolio. North Amer Corporation holds 0.01% or 11,042 shares in its portfolio. Commercial Bank Of Montreal Can holds 0.01% or 1.93 million shares in its portfolio. Moreover, Dimensional Fund Advisors Limited Partnership has 0.01% invested in Gain Capital Holdings Inc (NYSE:GCAP) for 1.78 million shares. Northern Tru last reported 564,916 shares in the company. Jacobs Levy Equity Management reported 13,800 shares or 0% of all its holdings. Lsv Asset, a Illinois-based fund reported 166,600 shares.
Insider Transactions: Since April 20, 2016, the stock had 0 insider purchases, and 4 sales for $184,275 net activity. Scott Jeffrey sold 1,657 shares worth $11,422. On Wednesday, April 20 Roady Samantha sold $140,000 worth of the stock or 20,000 shares. On Tuesday, May 31 Rotsztain Diego sold $14,767 worth of the stock or 2,142 shares.
More notable recent Gain Capital Holdings Inc (NYSE:GCAP) news were published by: Prnewswire.com which released: “GAIN Capital to Report Fourth Quarter and Full Year 2015 Results” on March 09, 2016, also Prnewswire.com with their article: “GAIN Capital Announces Monthly Metrics for August 2016” published on September 12, 2016, Prnewswire.com published: “GAIN Capital launches new website and refresh of global FX trading brand …” on July 19, 2016. More interesting news about Gain Capital Holdings Inc (NYSE:GCAP) were released by: Prnewswire.com and their article: “GTX to Launch London and Tokyo Matching Engines” published on September 28, 2016 as well as Prnewswire.com‘s news article titled: “GAIN Capital Reports Fourth Quarter and Full Year 2015 Results” with publication date: March 15, 2016.
GCAP Company Profile
GAIN Capital Holdings, Inc. (GAIN Capital), incorporated on March 24, 2006, is a well-known provider of trading services and solutions, specializing in over-the-counter (OTC) and exchange-traded markets. The Company’s divisions include Retail segment, Institutional segment, Futures segment, and Corporate and other. It offers its clients access to a range of over 12,500 financial products, including spot foreign exchange (forex) and precious metals trading, as well as contracts for difference (CFDs), which are investment products with returns linked to the performance of underlying asset. It also supports trading of exchange-traded futures and options on futures on over 30 global exchanges. In the United Kingdom, the Company offers spread bets, which are investment products similar to CFDs. It services clients in over 180 countries across the world, and conducts business from its offices in Bedminster, New Jersey; Jersey City, New Jersey; London, England; Cornwall, England; Chicago, Illinois; Powell, Ohio; Grand Rapids, Michigan; Tokyo, Japan; Sydney, Australia; Beijing, China; Shanghai, China; Pembroke, Bermuda; Hong Kong, and Singapore.
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