Price Action to Note: Virtu Financial Inc Stock Price Hits 1 Year Low Today

Price Action to Note: Virtu Financial Inc Stock Price Hits 1 Year Low Today

The stock of Virtu Financial Inc (NASDAQ:VIRT) hit a new 52-week low and has $12.92 target or 6.00% below today’s $13.74 share price. The 8 months bearish chart indicates high risk for the $1.87 billion company. The 1-year low was reported on Oct, 13 by Barchart.com. If the $12.92 price target is reached, the company will be worth $112.20M 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 233,368 shares traded hands. Virtu Financial Inc (NASDAQ:VIRT) has declined 37.39% since March 10, 2016 and is downtrending. It has underperformed by 44.91% 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. The firm has “Buy” rating by Goldman Sachs given on Monday, January 11. UBS maintained Virtu Financial Inc (NASDAQ:VIRT) on Friday, May 27 with “Buy” rating. UBS maintained Virtu Financial Inc (NASDAQ:VIRT) rating on Tuesday, October 13. UBS has “Buy” rating and $26 price target. The rating was downgraded by Zacks to “Hold” on Friday, August 21. The stock of Virtu Financial Inc (NASDAQ:VIRT) has “Sell” rating given on Saturday, August 8 by Zacks. The rating was maintained by UBS with “Buy” on Thursday, August 4. UBS maintained the shares of VIRT in a report on Thursday, August 6 with “Buy” rating. The rating was maintained by Goldman Sachs on Tuesday, April 5 with “Buy”.

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 important 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 published article titled: “Virtu Financial, Inc. Appoints Christopher C. Quick and Michael T. Viola to …”, 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) was released by: Barrons.com and their article: “Virtu Financial’s Many Virtues” with publication date: January 30, 2016.

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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