TP ICAP Group (LON:TCAP) Stock Price Up 1.6% – Here’s What Happened
by Kim Johansen · The Markets DailyTP ICAP Group PLC (LON:TCAP – Get Free Report) shot up 1.6% during trading on Thursday . The stock traded as high as GBX 281 and last traded at GBX 281. 158,449,656 shares were traded during trading, an increase of 1,917% from the average session volume of 7,855,352 shares. The stock had previously closed at GBX 276.50.
TP ICAP Group Stock Performance
The stock’s 50-day simple moving average is GBX 260.61 and its 200 day simple moving average is GBX 258.47. The company has a market capitalization of £2.09 billion, a PE ratio of 12.49, a P/E/G ratio of 0.49 and a beta of 0.39. The company has a debt-to-equity ratio of 49.55, a quick ratio of 0.97 and a current ratio of 30.33.
TP ICAP Group (LON:TCAP – Get Free Report) last released its quarterly earnings data on Thursday, March 12th. The company reported GBX 33.50 earnings per share (EPS) for the quarter. TP ICAP Group had a net margin of 7.69% and a return on equity of 9.39%. As a group, research analysts expect that TP ICAP Group PLC will post 31.0273973 earnings per share for the current fiscal year.
TP ICAP Group declared that its board has approved a stock repurchase plan on Thursday, March 12th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.