Barclays (NYSE:BCS) Shares Gap Down – Here’s What Happened

Barclays PLC (NYSE:BCS) shares gapped down prior to trading on Thursday . The stock had previously closed at $15.39, but opened at $14.62. Barclays shares last traded at $14.68, with a volume of 3,607,854 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Barclays from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 16th.

Barclays Price Performance

The stock has a fifty day moving average of $13.88 and a two-hundred day moving average of $12.85. The stock has a market capitalization of $52.41 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.46 and a beta of 1.41. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 5.67.

Institutional Investors Weigh In On Barclays

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brooklyn Investment Group acquired a new stake in Barclays during the 4th quarter valued at $26,000. Activest Wealth Management acquired a new stake in Barclays during the 4th quarter valued at $33,000. Sierra Ocean LLC acquired a new stake in Barclays during the 4th quarter valued at $38,000. TD Private Client Wealth LLC increased its holdings in Barclays by 135.5% during the 4th quarter. TD Private Client Wealth LLC now owns 2,916 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 1,678 shares in the last quarter. Finally, Symphony Financial Ltd. Co. acquired a new stake in Barclays during the 3rd quarter valued at $42,000. 3.39% of the stock is owned by institutional investors and hedge funds.

Barclays Company Profile

Barclays PLC provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia. The company operates through Barclays UK and Barclays International division segments. It offers financial services, such as retail banking, credit cards, wholesale banking, investment banking, wealth management, and investment management services.