Gain Capital (NYSE:GCAP) Stock Rating Lowered by Zacks Investment Research

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Gain Capital (NYSE:GCAP) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Monday, Zacks.com reports.

According to Zacks, “institutional foreign exchange, trading and related services providing direct access to the global OTC foreign exchange markets, where participants trade directly with one another. Its trading platforms provide information and analytical tools that allow customers to identify, analyze and execute their trading strategies. GAIN also offers retail customers located outside the United States access to other global markets on an OTC basis, including the spot gold and silver markets, as well as equity indices and commodities. Its forex trading activities are regulated in the US by the Commodity Futures Trading Commission and the National Futures Association, in the UK by the Financial Services Authority, in Japan by the Financial Services Agency, in Hong Kong by the Securities and Futures Commission and in Australia by the Australian Securities and Investments Commission. GAIN Capital Holdings, Inc is based in Bedminster, New Jersey. “

Separately, B. Riley set a $7.00 price objective on Gain Capital and gave the stock a “buy” rating in a research note on Friday, October 11th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Gain Capital presently has a consensus rating of “Buy” and an average target price of $5.75.

NYSE GCAP opened at $4.06 on Monday. The stock’s 50 day moving average is $4.07 and its 200 day moving average is $4.45. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.54. Gain Capital has a 12 month low of $3.75 and a 12 month high of $7.40. The stock has a market cap of $145.98 million, a PE ratio of -4.78, a P/E/G ratio of 0.98 and a beta of 0.54.

Gain Capital (NYSE:GCAP) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.04). Gain Capital had a negative return on equity of 11.89% and a negative net margin of 12.32%. The business had revenue of $66.70 million during the quarter, compared to analysts’ expectations of $68.11 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The firm’s revenue for the quarter was down 30.2% on a year-over-year basis. On average, analysts forecast that Gain Capital will post -0.78 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in GCAP. Tower Research Capital LLC TRC bought a new stake in Gain Capital in the 3rd quarter worth approximately $25,000. Jane Street Group LLC bought a new stake in Gain Capital in the 2nd quarter worth approximately $103,000. Walleye Trading Advisors LLC bought a new stake in Gain Capital in the 2nd quarter worth approximately $120,000. Paloma Partners Management Co bought a new stake in Gain Capital in the 2nd quarter worth approximately $168,000. Finally, Russell Investments Group Ltd. increased its stake in Gain Capital by 3,530.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 43,563 shares of the financial services provider’s stock worth $230,000 after acquiring an additional 42,363 shares during the last quarter. 51.49% of the stock is currently owned by institutional investors and hedge funds.

Gain Capital Company Profile

GAIN Capital Holdings, Inc, together with its subsidiary, provides trading services and solutions to retail, institutional, and futures service customers worldwide. The company operates in two segments, Retail and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets. The company offers access to a range of financial products, including spot foreign exchange (forex) and precious metals trading; and spread bets and contracts for differences on currencies, commodities, indices, individual equities, bonds, options, and interest rate products, as well as OTC options on forex.

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