Today’s Price Action: Time to Buy Virtu Financial Inc After Achieving All-Time Low?

Today's Price Action: Time to Buy Virtu Financial Inc After Achieving All Time Low?

The stock of Virtu Financial Inc (NASDAQ:VIRT) reached all time low today, Oct, 13 and still has $12.91 target or 6.00% below today’s $13.73 share price. This indicates more downside for the $1.87B company. This technical setup was reported by Barchart.com. If the $12.91 PT is reached, the company will be worth $112.20M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 257,399 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 stock of Virtu Financial Inc (NASDAQ:VIRT) has “Buy” rating given on Tuesday, April 5 by Goldman Sachs. Goldman Sachs upgraded Virtu Financial Inc (NASDAQ:VIRT) on Monday, January 11 to “Buy” rating. The firm has “Buy” rating by UBS given on Tuesday, October 13. The rating was maintained by UBS on Thursday, August 6 with “Buy”. Zacks downgraded the shares of VIRT in a report on Friday, August 21 to “Hold” rating. The rating was maintained by UBS on Friday, May 27 with “Buy”. The rating was upgraded by Zacks to “Sell” on Saturday, August 8. UBS maintained the stock with “Buy” rating in Thursday, August 4 report.

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 recent Virtu Financial Inc (NASDAQ:VIRT) news were published by: Globenewswire.com which released: “Virtu Financial, Inc. Appoints Christopher C. Quick and Michael T. Viola to …” on April 11, 2016. Also Wsj.com published the news titled: “French Regulator Considers Fining Virtu Financial for 2009 Trading” on November 04, 2015. Barrons.com‘s news article titled: “Virtu Financial’s Many Virtues” with publication date: January 30, 2016 was also an interesting one.

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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