Virtu Financial (NYSE:VIRT) Stock Price Down 5.6% – Here’s What Happened
by Sarita Garza · The Markets DailyVirtu Financial, Inc. (NYSE:VIRT – Get Free Report)’s share price traded down 5.6% on Tuesday . The stock traded as low as $31.55 and last traded at $31.83. 243,193 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 930,023 shares. The stock had previously closed at $33.72.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on VIRT shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Virtu Financial in a report on Monday, December 29th. Zacks Research raised Virtu Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 30th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy”.
View Our Latest Stock Report on VIRT
Virtu Financial Price Performance
The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $4.98 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 0.68 and a beta of 0.58. The firm’s 50 day simple moving average is $34.39.
Virtu Financial (NYSE:VIRT – Get Free Report) last announced its earnings results on Wednesday, October 29th. The company reported $0.81 EPS for the quarter, meeting analysts’ consensus estimates of $0.81. The company had revenue of $467.02 million during the quarter, compared to analysts’ expectations of $420.14 million. Virtu Financial had a return on equity of 41.04% and a net margin of 12.09%.
Virtu Financial Company Profile
Virtu Financial, Inc is a technology-driven electronic trading firm and market maker that provides liquidity and price discovery across a wide range of financial instruments. Leveraging advanced analytics, high-performance computing and proprietary algorithms, Virtu operates in equities, fixed income, foreign exchange, commodities and derivative products. Its technology platform is designed to capture bid-ask spreads in real time, manage risk through automated controls and adapt to changing market conditions.
The company offers a suite of execution services and market-making solutions to institutional clients such as asset managers, banks, broker-dealers and hedge funds.