The stock of Virtu Financial Inc (NASDAQ:VIRT) reached all time low today, Oct, 17 and still has $12.38 target or 9.00% below today’s $13.60 share price. This indicates more downside for the $1.92B company. This technical setup was reported by Barchart.com. If the $12.38 PT is reached, the company will be worth $172.80M 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 123,960 shares traded hands. Virtu Financial Inc (NASDAQ:VIRT) has declined 39.77% since March 14, 2016 and is downtrending. It has underperformed by 45.39% 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. UBS maintained the shares of VIRT in a report on Friday, May 27 with “Buy” rating. The stock of Virtu Financial Inc (NASDAQ:VIRT) has “Hold” rating given on Friday, August 21 by Zacks. The company was maintained on Tuesday, October 13 by UBS. UBS maintained Virtu Financial Inc (NASDAQ:VIRT) rating on Thursday, August 6. UBS has “Buy” rating and $24 price target. The firm earned “Sell” rating on Saturday, August 8 by Zacks. Goldman Sachs maintained the stock with “Buy” rating in Tuesday, April 5 report. The stock of Virtu Financial Inc (NASDAQ:VIRT) earned “Buy” rating by UBS on Thursday, August 4. The rating was upgraded by Goldman Sachs on Monday, January 11 to “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 notable recent Virtu Financial Inc (NASDAQ:VIRT) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on April 06, 2015, also Moodys.com with their article: “Moody’s assigns first-time Ba3 rating to Virtu Financial with a positive outlook” published on October 04, 2016, Globenewswire.com published: “Virtu Financial, Inc. Appoints Christopher C. Quick and Michael T. Viola to …” on April 11, 2016. More interesting news about Virtu Financial Inc (NASDAQ:VIRT) were released by: Wsj.com and their article: “French Regulator Considers Fining Virtu Financial for 2009 Trading” published on November 04, 2015 as well as Barrons.com‘s news article titled: “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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