flatexDEGIRO (OTCMKTS:FNNTF) Stock Falls 4.5% – What’s Next?

flatexDEGIRO AG (OTCMKTS:FNNTF)’s stock price dropped 4.5% on Friday. The company traded as low as $33.90 and last traded at $33.90. 525 shares traded hands during trading, a decline of 97% from the average daily volume of 18,671 shares. The stock had previously closed at $35.50.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on FNNTF. Barclays assumed coverage on shares of flatexDEGIRO in a research report on Friday, June 12th. They issued an “overweight” rating on the stock. Citigroup reaffirmed a “buy” rating on shares of flatexDEGIRO in a report on Monday, July 6th. Jefferies Financial Group reiterated a “hold” rating on shares of flatexDEGIRO in a research note on Wednesday, July 22nd. Finally, Morgan Stanley upgraded flatexDEGIRO from an “equal weight” rating to an “overweight” rating in a research note on Thursday, September 3rd. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

flatexDEGIRO Stock Performance

The company has a 50-day moving average of $41.38 and a 200 day moving average of $39.62.

flatexDEGIRO Company Profile

flatexDEGIRO AG is a European online brokerage group that provides retail investors with digital access to securities markets. The company operates through the flatex and DEGIRO brands, offering brokerage services through online platforms and mobile applications.

Its services include trading and investing in shares, exchange-traded funds, bonds, investment funds, derivatives and other financial instruments. The group also provides related services such as securities custody, savings and investment plans, market information and portfolio-management tools, subject to the regulatory requirements of the countries in which it operates.

flatexDEGIRO was formed through the combination of German online broker flatex, established in 2006, and Dutch brokerage firm DEGIRO, founded in 2008.