ITG (NASDAQ:ITG) Stock Gets Downgrade from Wall Street Zen

ITG (NASDAQ:ITG – Get Free Report) was downgraded by investment analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Sunday, Wall Street Zen reports.

Several other research analysts have also commented on ITG. Robert W. Baird assumed coverage on shares of ITG in a report on Monday, July 27th. They issued an “outperform” rating and a $19.00 price target for the company. UBS Group started coverage on ITG in a research report on Monday, July 27th. They set a “buy” rating and a $18.00 price objective for the company. Weiss Ratings initiated coverage on ITG in a research report on Friday, September 25th. They set a “sell (e-)” rating for the company. Zacks Research upgraded ITG to a “hold” rating in a research note on Tuesday, July 28th. Finally, KeyCorp initiated coverage on ITG in a research report on Monday, July 27th. They issued an “overweight” rating and a $17.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $17.22.

Check Out Our Latest Analysis on ITG

ITG Stock Performance

ITG opened at $7.48 on Friday. The business’s 50 day simple moving average is $11.43. The firm has a market cap of $928.72 million and a P/E ratio of 93.50. ITG has a 1 year low of $6.55 and a 1 year high of $19.26. The company has a debt-to-equity ratio of 23.48, a quick ratio of 2.80 and a current ratio of 2.80.

ITG (NASDAQ:ITG – Get Free Report) last posted its quarterly earnings results on Monday, June 22nd. The company reported ($0.08) EPS for the quarter. The company had revenue of $333.92 million for the quarter. On average, sell-side analysts predict that ITG will post 0.54 earnings per share for the current year.

ITG Company Profile

(Get Free Report)

Investment Technology Group, Inc (NASDAQ: ITG) was a financial technology and brokerage company that provided electronic trading, transaction research and investment technology services to institutional investors. Its offerings were designed to help asset managers, hedge funds and other professional investors execute trades, analyze market activity and manage trading costs.

ITG operated trading platforms and alternative trading systems, including POSIT, an electronic crossing network that matched buy and sell orders.

Further Reading

Analyst Recommendations for ITG (NASDAQ:ITG)

Receive News & Ratings for ITG Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ITG and related companies with MarketBeat.com's FREE daily email newsletter.